Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including the reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (c) to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 4 contracts
Samples: Secured Credit Agreement (General Motors Co), Secured Credit Agreement (General Motors Co), Secured Credit Agreement (General Motors Co)
Payment of Expenses. The Borrower Issuer agrees (a) to pay or reimburse the Lender Initial Noteholder for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Secured Note Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including the reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the LenderInitial Noteholder), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Secured Note Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the LenderInitial Noteholder, (b) to pay, indemnify, or reimburse the Lender Initial Noteholder for, and hold the Lender Initial Noteholder harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Secured Note Documents and any such other documents, and (c) to pay, indemnify or reimburse the LenderNoteholders, its their affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower Issuer or any other Loan Issuer Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Secured Note Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Issuer Party under any Loan Secured Note Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower Issuer or any other Loan Issuer Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”), provided that the Borrower Issuer shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansNotes. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower Issuer agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower Issuer pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower Issuer as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower Issuer in a written notice to the LenderInitial Noteholder. The agreements in this Section 8.5 shall survive repayment payment of the Loans Notes and all other amounts payable hereunder.
Appears in 4 contracts
Samples: Secured Note Agreement (General Motors Co), Secured Note Agreement (General Motors Co), Secured Note Agreement (General Motors Co)
Payment of Expenses. The Borrower Each of IBM and IBMCLLC agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewithherewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and a single counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Administrative Agent for all its reasonable costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this AgreementAgreement and any such other documents, including, without limitation, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the reasonable fees and disbursements of separate counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Administrative Agent and to each Lender, and (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other similar taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents Agreement and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliateseach Syndication Agent, and its each Documentation Agent, each Joint Lead Arranger, the Administrative Agent and their respective directors, officers, directors, partners, employees, advisors, agents, controlling persons employees and trustees agents (each, an “Indemniteeindemnified person”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements, including reasonable fees and disbursements of any kind or nature whatsoever counsel, incurred by an Indemnitee or asserted against such indemnified person which arise out of or in connection with any Indemnitee by any third party claim, litigation or by the Borrower proceeding relating to this Agreement or any such other Loan Party arising out of, in connection withdocuments, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use actual or proposed use of proceeds of the Loans any Loan or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Transactions (all the foregoing in this clause (c), d) collectively, the “Indemnified Liabilitiesindemnified liabilities”); provided, provided that the no Borrower shall have no any obligation hereunder to any Indemnitee indemnified person with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted indemnified liabilities arising from the gross negligence or willful misconduct ofof such indemnified person, its affiliates or the directors, officers, employees and agents of such indemnified person, acting as such, in each case as determined by a final and nonappealable decision final, non-appealable judgment of a court of competent jurisdictionjurisdiction and provided further, such Indemnitee, that nothing contained in this Section 11.5 (other than Section 11.5(c)) shall require IBM or IBMCLLC to pay any taxes of its affiliates any indemnified person or its any Transferee or their respective officers, directors, partners, employees, agents or controlling personsany indemnity with respect thereto. No Indemnitee indemnified person or IBM or IBMCLLC shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or persons. No indemnified person shall be liable for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAgreement. The agreements in this Section 8.5 11.5 shall survive repayment of the Loans and the payment of all other amounts payable hereunder.
Appears in 3 contracts
Samples: 364 Day Credit Agreement (International Business Machines Corp), Three Year Credit Agreement (Ibm Credit LLC), Credit Agreement (Ibm Credit LLC)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Arranger and the Agents for all its (i) their reasonable documented out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs documented fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent and the charges of Syndtrak, following the presentation of a summary statement, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Agent, the Arranger, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, controlling persons and trustees members of each of the foregoing (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, claims, actions, judgments, suits, costs, expenses (including reasonable fees, disbursements and other charges of a single counsel and, to the extent reasonably necessary, a single local counsel in each applicable jurisdiction and single specialty counsel) or disbursements of any kind or nature whatsoever incurred arising out of or relating to any claim or any litigation or other proceeding (regardless of whether such Indemnitee is a party thereto and regardless of whether such matter is initiated by an Indemnitee or asserted against any Indemnitee by any a third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document its subsidiaries or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of shareholders) that relates to the transactions contemplated hereby or therebythe execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents and any such other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities (i) to the extent such Indemnified Liabilities are found by a final judgment of a court of competent jurisdiction to have resulted primarily from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, (ii) any claim by an Indemnitee against another Indemnitee that (x) did not arise out of any action or inaction on the part of the Borrower or any of its Affiliates and (y) do not involve an Agent or Arranger or any of its affiliates acting in its capacity as Agent or its Arranger (or their respective officersin any similar capacity), directors, partners, employees, agents or controlling persons(iii) material breach of this Agreement by an Indemnitee. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information Information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, including CERCLA or similar state law that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer Chief Financial Officer (Telephone No. (000) 000-0000) (Fax No. (407) 000- 0000), at the address of the Borrower as set forth in Section 8.210.02, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 3 contracts
Samples: Credit Agreement (Rotech Healthcare Inc), Credit Agreement (Rotech Healthcare Inc), Credit Agreement (Rotech Healthcare Inc)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender), and (iib) to pay or reimburse the Lender for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender), (bc) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any Loan or Letter of the foregoing relating to Credit or the use or proposed use of the proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, thereof (including any refusal by any Issuing Lender to honor a demand for payment under a Letter of Credit if the Mortgaged Properties, and the reasonable fees and expenses of legal counsel documents presented in connection with claimssuch demand do not strictly comply with the terms of such Letter of Credit), actions (iii) any actual or proceedings alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by the Borrower or any Indemnitee against of its Subsidiaries, or any Loan Party under environmental liability related in any Loan Document way to the Borrower or any of its Subsidiaries or any or their respective properties, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”); provided that, provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer Borrower, at the address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderASOT Administrative Agent as set forth in the ASOT Credit Agreement. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 3 contracts
Samples: Credit Agreement (Archstone), Credit Agreement (Archstone), Credit Agreement (Archstone)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all of its (i) reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable and documented and out-of-pocket costs fees, disbursements and expenses and professional fees other charges of the advisors and counsel to the Administrative Agent, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay or reimburse each Lender), each Issuing Lender and (ii) the Administrative Agent for all its documented out-of-pocket costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, including the reasonable and documented fees, disbursements and other charges of counsel (including the allocated fees and expenses of in-house counsel, in an amount not to exceed $5,000 for each such in-house counsel) to each Lender, each Issuing Lender and the Administrative Agent; provided that such fees, disbursements and other charges of counsel with respect to clauses (a) and (b) above shall be limited to no more than (i) one primary external counsel, (ii) one local counsel in each relevant jurisdiction and (iii) one specialty counsel for each reasonably necessary specialty, in each case, for (x) the Administrative Agent and (y) the Lenders and the Issuing Lenders taken as a whole (and, in each case, in the case of one or more actual or perceived conflicts of interest, one or more additional counsel), and (c) to pay, indemnify or reimburse indemnify, and hold the Arrangers, each Lender, its each Issuing Lender and the Administrative Agent, their respective affiliates, and its and their respective officers, directors, partnersemployees, employeesagents, advisors, agentscontrolling persons, controlling persons partners, trustees and trustees administrators (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, the other Loan Documents and any such other documents, including any claim, litigation, investigation, arbitration or proceeding regardless of whether any Indemnitee is a party thereto and whether or not the same are brought by a Loan Party, its equity holders, affiliates or creditors or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyPerson, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets Letter of any Group Member, including any of the Mortgaged Properties, Credit and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower Loan Parties shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the (i) gross negligence or willful misconduct of such Indemnitee in performing its activities or in furnishing its commitments or services under the Loan Documents, (ii) a dispute solely among Indemnitees that does not arise from any act or omission of any Loan Party or any of its Affiliates (other than claims against the Administrative Agent, any Arranger, any Issuing Lender or any of the Lenders in its capacity as an agent, arranger, bookrunner, Issuing Lender or similar capacity) or (iii) a material breach of the Loan Documents by such Indemnitee, and provided, further, that this Section 10.5(c) shall not apply with respect to Taxes other than any of its affiliates Taxes that represent losses or its or their respective officers, directors, partners, employees, agents or controlling personsdamages arising from any non-Tax claim. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons others of information or other materials sent obtained through electronic, telecommunications or other information transmission systems that systems, except to the extent any such damages are intercepted found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such persons or Indemnitee. No Indemnitee shall be liable for any indirect, special, indirectexemplary, punitive or consequential or punitive damages in connection with this Agreement or the Loans. Without limiting other Loan Documents or the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and transactions contemplated hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemniteethereby. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 10.5 shall survive the termination of this Agreement and the repayment of the Loans and all other amounts payable hereunder.
Appears in 3 contracts
Samples: Credit Agreement (Blue Owl Capital Inc.), Credit Agreement (Blue Owl Capital Inc.), Credit Agreement (Blue Owl Capital Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent, the Syndication Agent and the Joint Lead Arrangers for all its (i) reasonable their reasonable, documented out-of-pocket costs and expenses actually incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable documented fees and disbursements and other charges of Sxxxxxx Xxxxxxx & Bxxxxxxx LLP and, if necessary, one local counsel per relevant jurisdiction and the portion of the out-of-pocket costs and expenses and professional fees of the advisors and counsel Administrative Agent in respect of the charges of Intralinks that are allocated (ratably based upon the number of transactions covered by such charges) to the Lender)Facilities, (b) to pay or reimburse each Lender and (ii) the Agents for all their documented out-of-pocket costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the documented fees and disbursements of counsel (including the allocated fees to each Lender and disbursements and other charges of in-house counsel) counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements arising out of any actions, judgments, suits or other judicial or arbitral proceedings of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower whatsoever, or any other Loan Party arising out ofinvestigation relating thereto, in connection witheach case with respect to the execution, or as a result ofdelivery, the execution or delivery enforcement, performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates Indemnitee or its or their respective affiliates, officers, directors, partnerstrustees, employees, advisors, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information Information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons (unless such damages result from the gross negligence or willful misconduct of such Indemnitee or its affiliates, officers, directors, trustees, employees, advisors, agents or controlling persons) or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeFacilities. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to United Components, Inc., Attention: Chief Financial Officer (Telephone No. (000) 000-0000) (Fax No. (000) 000-0000), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 3 contracts
Samples: Credit Agreement (UCI Holdco, Inc.), Credit Agreement (Chefford Master Manufacturing Co Inc), Credit Agreement (UCI Holdco, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender for all its (i) reasonable out-of-pocket and documented respective costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, excluding legal fees of counsel to the Lender but including the reimbursement of such counsel’s reasonable and documented out-of-pocket costs and expenses and professional fees of expenses, (b) to pay or reimburse the advisors and counsel to the Lender), and (ii) Lender for all its out-of-pocket costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including the documented fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (bc) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, Properties and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by any Group Member, or any environmental liability related in any way to any Group Member or any or their respective properties, or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, or material breach of the Loan Documents, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, by, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans, the Additional Note or the Zero Coupon Note. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to Xxx X. Xxxxxxx, Senior Vice President, Treasurer & Chief Information Officer (Telephone No. 000-000-0000) (Fax No. 000-000-0000), at the Treasurer address of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 3 contracts
Samples: First Lien Credit Agreement (Chrysler Group LLC), First Lien Credit Agreement (Chrysler Group LLC), First Lien Credit Agreement
Payment of Expenses. The Each Borrower agrees (a) to pay or reimburse the Lender each Agent for all its (i) reasonable out-of-out of pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to such Agent and filing and recording fees and expenses, with statements with respect to the Lender)foregoing to be submitted to Cedar Fair LP on or prior to the Restatement Effective Date (in the case of amounts to be paid on the Restatement Effective Date) and from time to time thereafter on a monthly basis or such other periodic basis as such Agent shall deem appropriate, (b) to pay or reimburse each Lender and (ii) Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this AgreementAgreement (including in any work-out or restructuring), the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-in house counsel) to the Lender, (b) each Lender and of counsel to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, Agent and (c) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and Agent and their respective officers, directors, partnersemployees, employeesaffiliates, agents, advisors, agents, trustees and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document Documents (regardless of whether any Loan Party is or is not a party to any agreement such actions or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuits) and any such other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance non-compliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, Properties and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”), ; provided that the Borrower Borrowers shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and non-appealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee; provided, further, that this Section 11.5(c) shall not apply with respect to Taxes other than any of its affiliates Taxes that represent liabilities, obligations, losses, damages or its other similar costs or their respective officersexpenses, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loansnon-Tax claim. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the each Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, (i) all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee and (ii) any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document, or any agreement or instrument contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. All amounts due under this Section 8.5 11.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower Borrowers pursuant to this Section 8.5 11.5 shall be submitted to Cedar Fair LP, at the Treasurer address of the Borrower as Borrowers set forth in Section 8.211.2, or to such other Person or address as may be hereafter designated by the Borrower Cedar Fair LP in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 11.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 3 contracts
Samples: Credit Agreement (Cedar Fair L P), Credit Agreement (Cedar Fair L P), Credit Agreement (Cedar Fair L P)
Payment of Expenses. The Each of the Parent REIT and the Borrower jointly and severally agrees (a) to pay or reimburse the Lender Agents and the Arrangers for all its (i) their reasonable and documented out-of-pocket costs and expenses incurred in connection with the syndication of the Commitments and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the LenderAdministrative Agent (but limited, in the case of legal fees and expenses, to a single firm of counsel for all such Persons, taken as a whole and, if relevant, of a single firm of local counsel in each applicable jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) for all such Persons, taken as a whole (and, in the case of an actual or perceived conflict of interest, where the Person affected by such conflict notifies the Borrower of the existence of such conflict and thereafter retains its own counsel, of another firm of counsel for such affected Person and, if relevant, of a single firm of local counsel in each appropriate jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) for such affected Person)) and the charges of Intralinks or another similar electronic system, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel to the Lenders and the Agents (including but limited, in the allocated case of legal fees and disbursements and other charges expenses, to a single firm of in-house counsel) to the Lendercounsel for all such Persons, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feestaken as a whole and, if anyrelevant, of a single firm of local counsel in each applicable jurisdiction (which may be payable include a single firm of special counsel acting in multiple jurisdictions) for all such Persons, taken as a whole (and, in the case of an actual or determined to be payable in connection with perceived conflict of interest, where the execution and delivery of, or consummation or administration of any Person affected by such conflict notifies the Borrower of the transactions contemplated byexistence of such conflict and thereafter retains its own counsel, or any amendmentof another firm of counsel for such affected Person and, supplement or modification ofif relevant, or any waiver or consent under or of a single firm of local counsel in respect of, this Agreement, the other Loan Documents and any each appropriate jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) for such other documentsaffected Person)), and (c) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Parent REIT, the Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document Document, any commitment letter or fee letter in connection therewith, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any Loan or Letter of the foregoing relating to Credit or the use or proposed use of the proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, thereof (including any refusal by any Issuing Lender to honor a demand for payment under a Letter of Credit if the Mortgaged Properties, and the reasonable fees and expenses of legal counsel documents presented in connection with claimssuch demand do not strictly comply with the terms of such Letter of Credit), actions (iii) any actual or proceedings alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by the Parent REIT, the Borrower or any Indemnitee against of their respective Subsidiaries, or any Loan Party under environmental liability related in any Loan Document way to the Borrower or any of their respective Subsidiaries or any of their respective properties, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Parent REIT, the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that neither the Parent REIT nor the Borrower shall have no any obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted directly and primarily from (in each of the succeeding clauses (w), (x) and (y), to the extent determined by a court of competent jurisdiction, in a final and non-appealable judgment) (w) the gross negligence or willful misconduct ofof such Indemnitee or any of such Indemnitee’s officers, in each case as determined by a final directors and nonappealable decision of a court of competent jurisdictionemployees (collectively, such Indemnitee’s “Related Parties”), (x) the material breach by such Indemnitee (or any of such Indemnitee’s Related Parties) of its express obligations under the Loan Documents pursuant to a claim initiated by the Borrower, (y) with regard to Section 10.5(d)(iii), are caused solely by Materials of Environmental Concern first brought onto such respective property after neither Parent REIT, the Borrower nor any other Loan Party has possession or control of such property after a foreclosure or other transfer in lieu of foreclosure by an Indemnitee or (z) any proceeding that does not involve an act or omission of the Borrower or any of its affiliates Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than any proceeding against any Indemnitee solely in its capacity or in fulfilling its role as an Agent, Issuing Lender, or their respective officers, directors, partners, employees, agents or controlling personsArranger). No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons except to the extent resulting from the gross negligence or willful misconduct of such Indemnitee or any of its Related Parties (to the extent determined by a court of competent jurisdiction in a final and non-appealable judgment). No party hereto shall be liable for any special, indirect, consequential or punitive damages in connection with the LoansFacilities or the Loan Documents; provided that nothing contained in this sentence shall limit the Borrower or Parent REIT’s obligations to the extent set forth in this Section 10.5 to the extent such damages are included in any third party claim in connection with which an Indemnitee is entitled to indemnification hereunder. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeIndemnitee regarding any Indemnified Liabilities for which Borrower has an obligation under this Section 10.5. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by each of the Parent REIT and the Borrower pursuant to this Section 8.5 shall be submitted to at the Treasurer address and attention of the Parent REIT and the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Parent REIT or the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder. This Section 10.5 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.
Appears in 3 contracts
Samples: Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.)
Payment of Expenses. The Borrower agrees Borrowers agree (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Credit Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees, disbursements and expenses other charges of Xxxxxx Xxxxxx & Xxxxxxx llp and professional fees of the advisors and one counsel in each local jurisdiction to the Lenderextent consented to by the Parent Borrower (such consent not to be unreasonably withheld), (b) to pay or reimburse the Agent for all its reasonable and (ii) documented costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Credit Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and reasonable fees, disbursements and other charges of in-house counsel) counsel to the LenderAgent, (bc) to pay, indemnify, or reimburse the Lender for, and hold the harmless each Lender harmless and Agent from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold harmless each Lender and Agent and their respective officers, directors, partnersofficers, employees, advisorstrustees, agents, controlling persons investment advisors and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless agents from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by whatsoever, including reasonable and documented fees, disbursements and other charges of counsel, with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, the other Credit Documents and any such other Loan Document or any agreement or instrument contemplated hereby or therebydocuments, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable (other than by such indemnified person or any of its Related Parties) or to any actual or alleged presence, release or threatened release of Hazardous Materials involving or attributable to the operations of the Parent Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Real Estate (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”) and (e) to pay for up to two appraisals and field examinations and the preparation of Reports related thereto in each calendar year based on the fees charged by third parties retained by the Administrative Agent (notwithstanding any reference to “out-of-pocket” above in this Section 14.5), ; provided that the Borrower Borrowers shall have no obligation hereunder to any Indemnitee Administrative Agent or any Lender nor any of their respective Related Parties with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted from attributable to (i) the gross negligence negligence, bad faith or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, the party to be indemnified or any of its affiliates Related Parties, (ii) any material breach of any Credit Document by the party to be indemnified or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from (iii) disputes among the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable LawAdministrative Agent, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeLenders and/or their transferees. All amounts due payable under this Section 8.5 14.5 shall be payable not later than 30 days after written demand therefor. Statements payable paid within ten Business Days of receipt by the Parent Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set an invoice relating thereto setting forth such expense in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderreasonable retail. The agreements in this Section 8.5 14.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 3 contracts
Samples: Credit Agreement (HCA Holdings, Inc.), Credit Agreement (HCA Holdings, Inc.), Credit Agreement (Hca Inc/Tn)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (iib) to pay or reimburse each Lender and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Administrative Agent and their respective officers, directors, partners, employees, advisorsAffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, properties owned by such Group Members and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of, of such Indemnitee or breach in each case as determined by a final and nonappealable decision bad faith of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from ’s obligations under the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansLoan Documents. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waivewaives, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 ten (10) days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to Treasurer (Telephone No. (000) 000-0000; Facsimile No. (000) 000-0000), at the Treasurer address of Xxxxx Limited (prior to the Borrower as Guaranty Assignment Effective Date) and Xxxxx Global SA (on and after the Guaranty Assignment Effective Date) set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder. Notwithstanding the foregoing, and for the avoidance of doubt, this Section 8.5 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from a non-Tax claim.
Appears in 2 contracts
Samples: Credit Agreement (Bungeltd), Credit Agreement (Bungeltd)
Payment of Expenses. The Borrower agrees (a) to shall pay or reimburse the Lender for all its (i) reasonable all reasonable, documented, out-of-pocket costs and expenses incurred by the Administrative Agent and its Related Parties (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the developmentsyndication of the credit facilities provided for herein, preparation the preparation, negotiation, execution, delivery and execution of, and any amendment, supplement or modification to, administration of this Agreement and the other Loan Documents and or any other documents prepared in connection herewith amendments, restatements, modifications or therewithwaivers (or any proposed amendments, and restatements, modifications or waivers) of the consummation and administration of provisions hereof or thereof (whether or not the transactions contemplated hereby and or thereby shall be consummated), (including the reasonable ii) all reasonable, documented, out-of-pocket costs and expenses and professional fees incurred by the Issuing Banks in connection with the issuance, amendment, renewal or extension of the advisors and counsel to the Lender), any Letter of Credit or any demand for payment thereunder and (iiiii) costs and all reasonable, documented, out-of-pocket expenses incurred by the Administrative Agent, any Lender or any Issuing Bank (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or any Issuing Bank) in connection with the enforcement or preservation protection of any its rights or exercise of remedies under (A) in connection with this Agreement, Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwiseDocuments, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnifyits rights under this Section, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable (B) in connection with the execution and delivery Loans made or Letters of Credit issued hereunder, including all such reasonable, documented, out-of-pocket expenses incurred during any workout, restructuring or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or negotiations in respect of, this Agreement, the other Loan Documents and any of such other documents, and (c) to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets Letters of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunderCredit.
Appears in 2 contracts
Samples: Credit Agreement (Donnelley Financial Solutions, Inc.), Credit Agreement (Donnelley Financial Solutions, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket out‑of‑pocket costs and expenses incurred in connection with the development, preparation preparation, execution and execution administration of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents including, without limitation, the reasonable fees and any other documents prepared expenses of one joint counsel to the Agent in connection herewith or therewith, with this Agreement and the consummation other Loan Documents, (b) to pay or reimburse each Lender and administration of the transactions contemplated hereby and thereby (including the reasonable Administrative Agent for all its out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, Agreement or the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwiseincluding, including without limitation, the fees and disbursements of one joint counsel (including the allocated fees and disbursements and other charges of in-house and, if required, one regulatory counsel) to the LenderLenders and the Administrative Agent (each such counsel to be reasonably acceptable to the Administrative Agent), provided that, notwithstanding the foregoing, the Borrower agrees to pay or reimburse the fees and disbursements of separate counsel to any Lender or the Administrative Agent to the extent of any conflict of interest among the Lenders or between the Lenders and the Administrative Agent, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, documents and (cd) to pay, indemnify or reimburse the indemnify, and hold each Agent, Lender, its affiliatesand each of their respective Affiliates, and its and their respective officers, directors, partnersofficers, employees, advisors, agents, controlling persons affiliates and trustees agents (each, an “Indemniteeindemnified person”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any execution, delivery, enforcement, performance and administration of this Agreement and the other Loan Party arising out of, in connection with, or as a result of, Documents and the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnified person with respect to Indemnified Liabilities indemnified liabilities that are found by a final and non-appealable decision of a court of competent jurisdiction to the extent such Indemnified Liabilities have resulted from the gross negligence or willful misconduct ofof such indemnified person, in each case as determined from the breach by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any indemnified person of its affiliates Contractual Obligations to the Borrower or its from negotiated settlements of pending or their respective officers, directors, partners, employees, agents or controlling personsthreatened legal actions entered into by such indemnified person without the Borrower’s consent. No Indemnitee indemnified person referred to above shall be liable for any damages arising from the unauthorized use by unauthorized persons recipients of any information or other materials sent distributed to such recipients by such indemnified person through electronic, electronic telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with this Agreement or the Loansother Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such indemnified person as determined by a court of competent jurisdiction in a final and non-appealable decision. Without limiting Notwithstanding the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees this Section 9.5 shall not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery apply with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind taxes other than any taxes that represent losses or nature, under or related to Environmental Laws, that damages arising from any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereundernon-tax claim.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Southern California Edison Co), Term Loan Credit Agreement (Edison International)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the initial syndication, development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Agents for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the reasonable fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Agents and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”"indemnitee") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee with respect to any pending or asserted against any Indemnitee by any third party threatened litigation or by proceeding arising in respect of the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of Xxxxx-Xxxxx, the Borrower any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Properties (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”"indemnified liabilities"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnitee with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted indemnified liabilities result from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loansindemnitee. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees Borrowers agree not to assert and to cause its Subsidiaries not to assert, and hereby waives waive and agrees agree to cause its their Subsidiaries to so waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental LawsLaws applicable to the Borrower or any of its Subsidiaries or any of the Properties, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted indemnitee, except to the Treasurer extent arising from the gross negligence or willful misconduct of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderindemnitee. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents and the Arranger for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation preparation, syndication and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Agents for all its reasonable costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the reasonable fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender, the Lender Arranger and the Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise (other than excise taxes imposed in lieu of income taxes) and other similar taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliates, the Arranger and its the Agents and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result of, the execution or delivery enforcement and performance of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the Letters of Credit or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of Holdings, the Borrower any of their respective Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Properties (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined (i) are found by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising jurisdiction to have resulted from the use by unauthorized persons gross negligence or willful misconduct of information such Indemnitee or other materials sent through electronic, telecommunications (ii) arise from disputes among the Agents or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with among the LoansLenders. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, Laws that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Alliance Laundry Corp), Credit Agreement (Alliance Laundry Corp)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Lenders for all its (i) reasonable their out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including the reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the each Lender, (b) to pay, indemnify, or reimburse the each Lender for, and hold the each Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (c) to pay, indemnify or reimburse the each Lender, its their respective affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, Properties and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee (x) for Taxes (it being understood that the Borrower’s obligations with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that Taxes are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.2.13) or
Appears in 2 contracts
Samples: Second Lien Secured Priming Superpriority Debtor in Possession Credit Agreement, Second Lien Secured Priming Superpriority Debtor in Possession Credit Agreement
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facility (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and one counsel to the Lender)Administrative Agent and, if reasonably necessary, one local counsel in any relevant jurisdiction and the charges of Intralinks, (iib) to pay or reimburse each Lender and the Administrative Agent for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated reasonable fees and disbursements and other charges of in-house counsel) one counsel to the LenderAdministrative Agent and the other Lenders and, if reasonably necessary, one local counsel in any relevant jurisdiction, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its the Administrative Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any of the foregoing relating to Loan or the use or proposed use of the proceeds thereof, (iii) any actual or alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by the Loans Borrower or the violation ofany of its Subsidiaries, noncompliance with or liability under, any Environmental Law applicable Liability related in any way to the operations Borrower or assets of any Group Member, including any of the Mortgaged Propertiesits Subsidiaries or any or their respective properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacility. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to at the Treasurer address of the Borrower as set forth in Section 8.29.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Iconix Brand Group, Inc.), Credit Agreement (Iconix Brand Group, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender), Agents (b) to pay or reimburse each Lender and (ii) the Agents for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) ), consultants and other experts to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Agents and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Properties (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 10.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Grand Union Co /De/), Credit Agreement (Grand Union Co /De/)
Payment of Expenses. (a) The Borrower agrees (ai) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable and documented or invoiced out-of-pocket costs and expenses incurred in connection with the syndication of the Facility (including legal expenses (but limited to expenses of one legal counsel and, if reasonably necessary or advisable, of one regulatory counsel and a single local counsel in any relevant jurisdiction )) (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent and the charges of Intralinks, and (ii) to pay or reimburse the Administrative Agent and any Issuing Lender and, if incurred during the continuance of an Event of Default, each Lender for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including the fees and disbursements of counsel to such Person (including the allocated fees and disbursements and other charges of in-house counsel) , but otherwise limited to expenses of one legal counsel and, if reasonably necessary or advisable, of one regulatory counsel and a single local counsel in any relevant jurisdiction for all such Persons unless, in the reasonable opinion of any such Person, representation of all such Persons by such counsel would be inappropriate due to the Lender, existence of an actual or potential conflict of interest) and (biii) to pay, indemnify, or reimburse each Lender, each Issuing Lender and the Lender Administrative Agent for, and hold each Lender, each Issuing Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and .
(cb) The Borrower agrees to pay, indemnify or reimburse the each Lender, its affiliateseach Issuing Lender, each Agent, their respective Affiliates, successors and its assigns, and their respective officers, directors, partnerstrustees, employees, advisors, agents, controlling persons and trustees members (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (and in each case regardless of whether such matter is initiated by a third party or by the Borrower or any of their respective Affiliates or equity holders) (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or therebythereby (including, without limitation, the Indemnitee’s reliance on any Communication executed using an Electronic Signature, or in the form of an Electronic Record), the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any Loan or Letter of the foregoing relating to Credit or the use or proposed use of the proceeds therefrom (including any refusal by any Issuing Lender to honor a demand for payment under a Letter of Credit if the Loans documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by the violation ofBorrower or any of its Subsidiaries, noncompliance with or any liability under, related to any Environmental Law applicable related in any way to the operations Borrower or assets of any Group Member, including any of the Mortgaged Propertiesits Subsidiaries or any of their respective properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan PartyBorrower, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cb), collectively, the “Indemnified Liabilities”), ; provided that the Borrower shall have no obligation hereunder to Indemnitee will be indemnified for any Indemnitee with respect to Indemnified Liabilities claim, loss, damage, liability or expense to the extent such Indemnified Liabilities the same resulted from (A) the gross negligence negligence, bad faith or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such the respective Indemnitee, any of its affiliates or its Affiliates or their respective officers, directors, partnerstrustees, employees, agents advisors, agents, controlling persons and members (as determined by a court of competent jurisdiction in a final and non-appealable judgment), (B) any claim, litigation, investigation or controlling personsproceeding solely between or among Indemnified Persons other than actions against the Administrative Agent, the Joint Lead Arrangers or other persons acting in an agency or similar role in their capacity as such (and which does not involve an act or omission of the Borrower or any of its affiliates) and (C) any legal expenses in excess of the expenses of one legal counsel and, if reasonably necessary or advisable, of one regulatory counsel and a single local counsel in any relevant jurisdiction for all Indemnitees unless, in the reasonable opinion of an Indemnitee, representation of all Indemnitees by such counsel would be inappropriate due to the existence of an actual or potential conflict of interest. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information information, data, reports or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons (unless it is finally judicially determined that such interception was directly a result of the gross negligence or willful misconduct of such Indemnitee) or for any special, indirect, consequential or punitive damages in connection with the LoansFacility. Without limiting the foregoing, and to the extent permitted by Applicable applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to its Chief Financial Officer (Xxxxxxx Xxxx) (Telephone: (000) 000-0000; Email: xxxxxxx.xxxx@xxxxxxxxxxxx.xxx), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. Administrative Agent.
(c) The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Northwestern Corp), Credit Agreement (Northwestern Corp)
Payment of Expenses. The Borrower agrees to:
(a) to pay or reimburse the Lender Bank for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation preparation, negotiation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents Documents, and any other documents prepared in connection herewith or therewiththerewith (including the reasonable fees and disbursements of counsel to the Bank), and the consummation and administration of the transactions contemplated hereby and thereby thereby,
(including b) pay or reimburse the Bank for all its reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) including post-judgment costs and expenses expenses) incurred in connection with the enforcement or preservation of any its rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwiseDocuments, including the reasonable fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the LenderBank;
(c) pay, and indemnify and hold harmless, the Bank, (band its shareholders, affiliates, officers, directors, employees, advisors and agents) to pay, indemnify, or reimburse the Lender for, from and hold the Lender harmless fromagainst, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay caused solely as a result of the acts or omissions of the Borrower in paying such feespaying, stamp, excise and other Taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or the consummation or administration of of, any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreementthe Loan Documents; and
(d) pay, and indemnify and hold harmless, the other Loan Documents Bank (and any such other documentsits shareholders, and (c) to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, advisors and agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other actual and documented liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, (and regardless of whether any Indemnitee is a party thereto prejudgment or post-judgment) (all the foregoing in this clause (c), collectively, “Losses”) (but expressly excluding Losses relating to consequential damages or Losses arising from any credit decisions or underwriting matters made by the Bank from time to time) resulting from any failure by the Borrower to observe and perform its obligations under the Loan Documents (the “Indemnified Liabilities”)indemnified liabilities”);provided, provided that the Borrower shall not have no an obligation hereunder to any Indemnitee indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted indemnified liabilities arising from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderindemnitee. The agreements in this Section 8.5 10.2 shall survive repayment the termination of this Agreement, the payment of the Loans Loan and all other amounts payable hereunderto the Bank under the Loan Documents.
Appears in 2 contracts
Samples: Credit Agreement (Kimco Realty Corp), Credit Agreement (Kimco Realty Corp)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Revolving Credit Commitments (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document Document, any commitment letter or fee letter in connection therewith, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any Loan or Letter of the foregoing relating to Credit or the use or proposed use of the proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, thereof (including any refusal by any Issuing Lender to honor a demand for payment under a Letter of Credit if the Mortgaged Properties, and the reasonable fees and expenses of legal counsel documents presented in connection with claimssuch demand do not strictly comply with the terms of such Letter of Credit), actions (iii) any actual or proceedings alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by the Borrower or any Indemnitee against of its Subsidiaries, or any Loan Party under environmental liability related in any Loan Document way to the Borrower or any of its Subsidiaries or any or their respective properties, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansRevolving Credit Commitments. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to Xxxx Lammas (Telephone No. (000) 000-0000) (Fax No. (000) 000-0000), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Hudson Pacific Properties, Inc.), Credit Agreement (Hudson Pacific Properties, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the initial syndication, development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Agents for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Agents and their respective officers, directors, partnerstrustees, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”"indemnitee") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee with respect to any pending or asserted against any Indemnitee by any third party threatened litigation or by proceeding arising in respect of the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of Xxxxx-Xxxxx, the Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Properties (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”"indemnified liabilities"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnitee with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted indemnified liabilities result from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loansindemnitee. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees Borrowers agree not to assert and to cause its Subsidiaries not to assert, and hereby waives waive and agrees agree to cause its their Subsidiaries to so waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental LawsLaws applicable to Xxxxx-Xxxxx, the Borrower, any of its Subsidiaries or any of the Properties that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted indemnitee, except to the Treasurer extent resulting from the gross negligence or willful misconduct of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderany indemnitee. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Arranger and the Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Administrative Agent and the charges of SyndTrak, Intralinks or similar electronic platform, (b) to pay or reimburse each Lender), the Arranger and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the reasonable fees and disbursements of counsel (including the allocated fees to each Lender and disbursements and other charges of in-house counsel) counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender, the Lender Arranger and the Agents for, and hold each Lender, the Lender Arranger and the Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and Other Taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its affiliatesthe Arranger, and its each Agent, their respective Affiliates, and their respective officers, directors, partnerstrustees, employees, Affiliates, shareholders, attorneys and other advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged PropertiesProperties or the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that neither the Borrower or any Foreign Borrower shall have no any obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems (including materials obtained through Intralinks or other similar information systems) that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower and each Foreign Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Bucyrus International Inc), Credit Agreement (Bucyrus International Inc)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Revolving Credit Commitments through the Closing Date (other than fees payable to syndicate members) and with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender including, without limitation, the Issuing Lender and (ii) the Swing Line Lender and the Administrative Agent for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and indemnify and hold harmless each Lender and the Lender harmless Administrative Agent from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, and indemnify or reimburse the and hold harmless each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against against, any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the use of the Letters of Credit or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee. No Indemnitee, in the absence of the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loanspersons. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemniteeindemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted with reasonable supporting detail to the Treasurer Borrower’s chief financial officer, at the address of the Borrower as set forth in Section 8.29.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Administrative Agent (which shall promptly notify each Lender). The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Polaner Inc), Revolving Credit Agreement (B&g Foods Holdings Corp)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent and its Affiliates (without duplication) for all its (i) of their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, the syndication of the credit facilities provided for herein and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (iib) to pay or reimburse each Lender and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated reasonable fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other similar taxes, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Administrative Agent and their respective officers, directors, partners, employees, advisorsAffiliates, agents, advisors and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, Properties and the reasonable fees and expenses of legal counsel (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction (unless a conflict exists, in which case the reasonable fees and expenses of one additional legal counsel (plus one local counsel per jurisdiction, if necessary) for each group of affected Lenders that is, as among themselves, not conflicted, shall be covered) and except for allocated costs of in-house counsel) in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided regardless of whether any Indemnitee is a party thereto, provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower Guarantor agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 10.5 shall be submitted to the Treasurer attention of the General Counsel of the Borrower as (Telephone No. 000-000-0000) (Telecopy No. 212- 444-6494) with a copy to the attention of the Chief Financial Officer of the Borrower (Telephone No. 000-000-0000) (Telecopy No. 212-444-4151), both at the address of the Borrower set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 10.5 shall survive the termination of this Agreement and the repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Investment Technology Group, Inc.), Credit Agreement (Investment Technology Group, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information Information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to Xxxxx Xxxxx (Telephone No. (000) 000-0000) (Fax No. (000) 000-0000), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Pinnacle Entertainment Inc), Credit Agreement (Pinnacle Entertainment Inc)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent and filing and recording fees and expenses; provided, however, the Borrower shall only be liable for the fees and expenses of one counsel for the Arranger Parties, the Administrative Agent and the Lenders, collectively, from time to time, in connection with the preparation, execution, delivery and administration of this Agreement and the other Loan Documents, with statements with respect to the foregoing to be submitted to the Borrower prior to the Restatement Effective Date (iiin the case of amounts to be paid on the Restatement Effective Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay or reimburse each Lender and the Administrative Agent for all its reasonable costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, including the reasonable fees and disbursements of counsel (including the allocated fees and expenses of in-house counsel) to each Lender and of counsel to the Administrative Agent and (c) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliates, Arranger Party and its the Administrative Agent and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Revolving Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower or assets of any Group Member, including any of the Mortgaged Properties, its Subsidiaries or any of their properties and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party the Borrower under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”); provided, provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision final, non-appealable judgment of a court of competent jurisdictionjurisdiction to arise from (i) the willful misconduct, bad faith or gross negligence of such Indemnitee, (ii) a material breach by such Indemnitee of its obligations hereunder or under the other Loan Documents or (iii) claims of one or more Indemnitees against another Indemnitee (other than claims against the Administrative Agent or the Arranger Parties in their capacities as such) and not involving any act or omission of the Borrower or its Subsidiaries or any of its affiliates their Affiliates (or its or their respective such person’s officers, directors, partnersemployees, employeesadvisors, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loansrepresentatives). Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery that arise as a result of such Indemnitee’s status as a Lender or the Administrative Agent, or an officer, director, employee, affiliate, agent or controlling person thereof, with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee, except to the extent that such claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses are found by a final non-appealable judgment of a court of competent jurisdiction to arise from the gross negligence or willful misconduct of such Indemnitee. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 10 days after written demand therefor, and such demand shall set forth in reasonable detail the basis for and calculation of any such amounts claimed as owing by the Borrower. Statements payable by the Borrower pursuant to this Section 8.5 10.5 shall be submitted to the Treasurer Borrower at the address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 10.5 shall survive repayment of the Loans and all other amounts payable hereunderhereunder and the termination of this Agreement. This Section 10.5 shall not apply with respect to Taxes other than Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.
Appears in 2 contracts
Samples: Credit Agreement (Public Service Co of Colorado), Credit Agreement (Northern States Power Co)
Payment of Expenses. The Borrower agrees Borrowers agree (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Credit Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees, disbursements and expenses other charges of one primary counsel and professional fees of the advisors and one counsel in each local jurisdiction to the Lenderextent consented to by the Parent Borrower (such consent not to be unreasonably withheld), (b) to pay or reimburse the Agents for all its reasonable and (ii) documented costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Credit Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and reasonable fees, disbursements and other charges of in-house counsel) counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold the harmless each Lender harmless and Agent from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold harmless each Lender and Agent and their respective officers, Affiliates and their and their Affiliates’ respective directors, partnersofficers, employees, advisorstrustees, agents, controlling persons investment advisors and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless agents from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by whatsoever, including reasonable and documented fees, disbursements and other charges of counsel, with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, the other Credit Documents and any such other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebydocuments, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable (other than by such indemnified person or any of its Related Parties) or to any actual or alleged presence, release or threatened release of Hazardous Materials involving or attributable to the operations of the Parent Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Real Estate (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”) and (e) to pay for up to two appraisals and field examinations and the preparation of Reports related thereto in each calendar year based on the fees charged by third parties retained by the Administrative Agent (notwithstanding any reference to “out-of-pocket” above in this Section 14.5), ; provided that the Borrower Borrowers shall have no obligation hereunder to any Indemnitee Agent or any Lender nor any of their respective Related Parties with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted from attributable to (i) the gross negligence negligence, bad faith or willful misconduct of, in each case of the party to be indemnified or any of its Related Parties (as determined by a final and nonappealable decision non-appealable judgment of a court of competent jurisdiction), such Indemnitee(ii) any material breach of any Credit Document by the party to be indemnified (as determined by a final non-appealable judgment of a court of competent jurisdiction) or (iii) disputes among the Agents, the Lenders and/or their transferees (other than any claims against an Agent or Lender in its capacity or in fulfilling its role as an administrative agent or arranger or any similar role under this Agreement and other than any claims arising out of any act or omission of any Borrower or any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeAffiliates). All amounts due payable under this Section 8.5 14.5 shall be payable not later than 30 days after written demand therefor. Statements payable paid within ten Business Days of receipt by the Parent Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set an invoice relating thereto setting forth such expense in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderreasonable retail. The agreements in this Section 8.5 14.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (HCA Healthcare, Inc.), Restatement Agreement (HCA Healthcare, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent and its Affiliates (without duplication) for all its (i) of their reasonable out-of-pocket out‑of‑pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, the syndication of the credit facilities provided for herein and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (iib) to pay or reimburse each Lender and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated reasonable fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other similar Taxes, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Administrative Agent and their respective officers, directors, partners, employees, advisorsAffiliates, agents, advisors and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, Properties and the reasonable fees and expenses of legal counsel (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction (unless a conflict exists, in which case the reasonable fees and expenses of one additional legal counsel (plus one local counsel per jurisdiction, if necessary) for each group of affected Lenders that is, as among themselves, not conflicted, shall be covered) and except for allocated costs of in-house counsel) in connection with such claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided regardless of whether any Indemnitee is a party thereto, provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower Guarantor agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 10.5 shall be submitted to the Treasurer attention of the General Counsel of the Borrower as (Telephone No. 000-000-0000) (Telecopy No. 212-588-4659) with a copy to the attention of the Chief Financial Officer of the Borrower (Telephone No. 000-000-0000) (Telecopy No. 212-444-4151), both at the address of the Borrower set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 10.5 shall survive the termination of this Agreement and the repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Investment Technology Group, Inc.), Credit Agreement (Investment Technology Group, Inc.)
Payment of Expenses. The Borrower agrees Parent and the Issuer jointly and severally agree (a) to pay or reimburse the Lender Agents and any Holder for all its (i) reasonable out-of-and documented out of pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, to this Agreement and the other Loan Documents and Note Documents, entered into at the request of any other documents prepared Note Party (in connection herewith each case, whether or therewith, and the consummation and administration of not the transactions contemplated hereby and thereby (shall be consummated), including the reasonable out-of-pocket costs Attorney Costs of one principal counsel for the Required Holders and expenses the Agents, (b) to pay or reimburse each Holder and professional fees of the advisors and counsel to the Lender), and (ii) Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Note Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including the fees and disbursements without limitation, Attorney Costs of one principal counsel (including the allocated fees and disbursements and other charges unless such principal counsel may not represent all Holders as a result of in-house counsel) a conflict of interest of such Holders with respect to the LenderObligations) for all Holders, and Attorney Costs for counsel to the Agents, (bc) to pay, indemnify, or reimburse each Holder and the Lender Agents for, and hold each Holder and the Lender Agents harmless from, any and all costs and reasonable expenses of perfecting and recording the Liens granted with respect to the Collateral, including all recording and filing fees fees, and any and all liabilities with respect to, or resulting from any delay in paying such feesdelinquent or non-payment of any stamp, excise and similar taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Note Documents and any such other documents, and (cd) to pay, indemnify or reimburse each Holder, the LenderAgents, its affiliatestheir respective Affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees Persons (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against against, any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Agreement, the other Note Documents and any such other documents, whether direct, indirect or consequential and whether based on any Laws (including securities and environmental Laws), that may be imposed on, incurred by an Indemnitee by, or asserted against any Indemnitee by such Indemnitee, in any third party manner relating to or by the Borrower or any other Loan Party arising out of, in connection with, of any Note Documents or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebythereby (including the Holders’ agreement to receive the Notes hereunder), including any of including, without limitation, the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Issuer hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided that the Borrower Parent and the Issuer shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising jurisdiction to have resulted from the use by unauthorized persons gross negligence or willful misconduct of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days promptly after written demand therefor. Statements payable by the Borrower Issuer pursuant to this Section 8.5 shall be submitted to the Treasurer Issuer at the address of the Borrower as Issuer set forth in Section 8.2Schedule 9.02, or to such other Person or address as may be hereafter designated by the Borrower Issuer in a written notice to the LenderHolders and the Administrative Holder. To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in this Section 9.04 may be unenforceable in whole or in part because they are violative of any law or public policy, the applicable Note Party shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. The agreements in this Section 8.5 shall survive repayment of the Loans Notes and all other amounts payable hereunder. Notwithstanding the foregoing, this Section (other than clause (c) above) shall not apply to any tax-related matter.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Deerfield Triarc Capital Corp), Intercreditor Agreement (Triarc Companies Inc)
Payment of Expenses. The Parent Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Parent Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (iib) to pay or reimburse each Lender and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliates, and its the Administrative Agent and their respective officers, directors, partnerstrustees, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemniteeindemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by (other than for loss of profits) with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Parent Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), provided provided, that the Parent Borrower shall have no obligation hereunder to any Indemnitee indemnitee with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities indemnified liabilities are found by a court of competent jurisdiction to resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loansindemnitee. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Parent Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to so waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemniteeindemnitee. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 Article X shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses (invoiced in reasonable detail) incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket fees and disbursements and other charges of counsel to the Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender and the Agents for all their costs and expenses and professional fees of the advisors and counsel to the Lender), and (iiinvoiced in reasonable detail) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Parent, the Borrower, DOC any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information Information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer Borrower at the address of the Borrower as set forth in Section 8.211.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Dobson Communications Corp), Credit Agreement (Dobson Communications Corp)
Payment of Expenses. The Borrower Each of IBM and IBMCLLC agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket and documented out‑of‑pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewithherewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs and expenses documented fees and professional fees disbursements of the advisors and a single counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Administrative Agent for all its reasonable and documented costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this AgreementAgreement and any such other documents, including, without limitation, the other Loan Documents reasonable and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the documented fees and disbursements of separate counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Administrative Agent and to each Lender, and (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other similar taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents Agreement and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliateseach Syndication Agent, and its each Documentation Agent, each Joint Lead Arranger, the Administrative Agent and their respective directors, officers, directors, partners, employees, advisors, agents, controlling persons employees and trustees agents (each, an “Indemniteeindemnified person”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements, including reasonable and documented fees and disbursements of any kind or nature whatsoever counsel, incurred by an Indemnitee or asserted against such indemnified person which arise out of or in connection with any Indemnitee by any third party claim, litigation or by the Borrower proceeding relating to this Agreement or any such other Loan Party arising out of, in connection withdocuments, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use actual or proposed use of proceeds of the Loans any Loan or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Transactions (all the foregoing in this clause (c), d) collectively, the “Indemnified Liabilitiesindemnified liabilities”); provided, provided that the no Borrower shall have no any obligation hereunder to any Indemnitee indemnified person with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted indemnified liabilities arising from the gross negligence or willful misconduct ofof such indemnified person, its affiliates or the directors, officers, employees and agents of such indemnified person, acting as such, in each case as determined by a final and nonappealable decision final, non-appealable judgment of a court of competent jurisdictionjurisdiction and provided further, such Indemnitee, that nothing contained in this Section 11.5 (other than Section 11.5(c)) shall require IBM or IBMCLLC to pay any taxes of its affiliates any indemnified person or its any Transferee or their respective officers, directors, partners, employees, agents or controlling personsany indemnity with respect thereto. No Indemnitee indemnified person or IBM or IBMCLLC shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or persons. No indemnified person shall be liable for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAgreement. The agreements in this Section 8.5 11.5 shall survive repayment of the Loans and the payment of all other amounts payable hereunder.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (International Business Machines Corp), 364 Day Credit Agreement (Ibm Credit LLC)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse each of the Lender Administrative Agent and the Joint Bookrunners for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and one counsel to the Lender)Administrative Agent and Joint Bookrunners (and one local counsel to the Administrative Agent and Joint Bookrunners in any applicable jurisdiction as to which the Administrative Agent reasonably determines local counsel is appropriate) and such other counsel to the Administrative Agent and Joint Bookrunners as is retained with the Borrower’s consent, and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (iiin the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay or reimburse each Lender and Agent for all its reasonable costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of one counsel (including the allocated fees to all Lenders and disbursements and other charges of in-house counsel) counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold the each Lender and Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and each Agent and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, Properties and the reasonable fees and expenses of one legal counsel for all Lenders (and one local counsel to such Lenders in any applicable jurisdiction as to which the Lenders reasonably determine is appropriate) in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of or material branch of any Loan Document by such Indemnitee (or any of such Indemnitee, any of its ’s affiliates or its or their respective officers, directors, partnersemployees or agents), employeesto the extent such Indemnitee has settled any claim without the consent of the Borrower (which is not to be unreasonably withheld or delayed) or disputes between Lenders (other than with respect to a dispute with a Lender in its capacity as Administration Agent, agents Issuing Lender or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansSwingline Lender). Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, each of Holdings and the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee, except to the extent such claims, demands, penalties, fines, liabilities, settlements, damages, costs, and expenses of whatever kind or nature, under or related to Environmental Laws, are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct, of or material breach of any Loan Document by, such Indemnitee (or any of such Indemnitee’s affiliates or their respective officers, directors, employees or agents), to the extent such Indemnitee has settled any claim without the consent of the Borrower (which is not to be unreasonably withheld or delayed) or disputes between Lenders (other than with respect to disputes not involving acts or omissions by the Borrower). In the case of any investigation, litigation or other proceeding to which the indemnity in clause (d) of this Section applies, such indemnity shall be effective whether or not such investigation, litigation or other proceeding is brought by a third party or any Group Member or an Indemnified Party, and whether or not an Indemnified Party is otherwise a party thereto. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 10.5 shall be submitted to the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 10.5 shall survive termination of the Commitments and repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Amendment Agreement (National Mentor Holdings, Inc.), Credit Agreement (National Mentor Holdings, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable fees and disbursements of outside counsel to the Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay or reimburse each Lender and the Administrative Agent for all its actual out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, including the fees and disbursements of one firm of outside counsel to all Lenders and the Administrative Agent, and (c) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Administrative Agent and their respective officers, directors, partnersemployees, employeesAffiliates, trustees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, or remedial actions required or reasonably necessary pursuant to, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged PropertiesProperties or the unauthorized use by Persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such Persons and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party Group Member under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”); provided, provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities (i) to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, Indemnitee or (ii) to the extent arising from any of dispute solely among Indemnitees (other than with respect to Deutsche Telekom AG (acting in its affiliates or capacity as Administrative Agent hereunder) and its or their respective officers, directors, partners, employees, Affiliates, trustees, advisors, agents or and controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic(as Indemnitees), telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansDeutsche Telekom AG acting in its capacity as Administrative Agent hereunder). Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 11.5 shall be payable not later than 30 days ten (10) Business Days after written demand therefor. Statements therefor and submission to the Borrower of statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to 11.5 at the Treasurer address of the Borrower as set forth in Section 8.211.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 11.5 shall survive repayment of the Loans and all other amounts payable hereunder. This Section 11.5 shall not apply with respect to Taxes other than any Taxes that represent losses or damages arising from any non-Tax claim.
Appears in 2 contracts
Samples: Unsecured Revolving Credit Agreement (T-Mobile US, Inc.), Secured Revolving Credit Agreement (T-Mobile US, Inc.)
Payment of Expenses. The Borrower agrees Borrowers jointly and severally agree (a) to pay or reimburse the Lender Administrative Agent for all of its (i) reasonable out-of-pocket costs and expenses actually incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby thereby, including, without limitation, the reasonable fees and disbursements and other charges of outside counsel to the Administrative Agent and the charges of the Platform, (including b) to pay or reimburse each Lender and the Administrative Agent for all their reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses actually incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of outside counsel (including the allocated fees to each Lender and disbursements and other charges of in-house counsel) outside counsel to the Lender, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documentsAdministrative Agent, and (c) to pay, indemnify or reimburse the each Lender, its affiliatesthe Administrative Agent, and its their respective Affiliates, and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other out-of-pocket liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever actually incurred by an Indemnitee or asserted against imposed on any Indemnitee in connection with any claim asserted by any third party or by the any Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document Document, any commitment letter or fee letter in connection therewith, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any of the foregoing relating to Loan or the use or proposed use of the proceeds thereof, (iii) any actual or alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by any Borrower or any other Loan Party, or any Environmental Liability related in any way to any Borrower or any other Loan Party or any of their respective properties (other than any such presence or release to the extent first arising solely after the date on which the Administrative Agent or any Secured Party enforces its remedies with respect to such property or the Pledged Stock of the Loans applicable Borrower pursuant to the Loan Documents following an Event of Default by transferring the respective property or such Pledged Stock pursuant to a foreclosure, accepting a deed in lieu of foreclosure or similar transfer thereof or the violation of, noncompliance appointment of a receiver by a court of competent jurisdiction with respect thereto) or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the any Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”); provided that, provided that the Borrower Borrowers shall not have no any obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or a material breach of this Agreement by such Indemnitee. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons unless determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee, or for any special, indirect, consequential or punitive damages in connection with the Revolving Credit Commitments. No Loan Party (or any of its affiliates or its or their respective Affiliates, and their respective officers, directors, partnerstrustees, employees, advisors, agents or and controlling persons. No Indemnitee ) shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansRevolving Credit Commitments unless determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Loan Party (or any of their respective Affiliates, and their respective officers, directors, trustees, employees, advisors, agents and controlling persons); provided that such waiver of special, indirect, consequential or punitive damages shall not otherwise limit the indemnification obligations of the Borrowers under this Section. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the each Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower Borrowers pursuant to this Section 8.5 shall be submitted to the Treasurer address of the Borrower as Borrowers set forth in Section 8.29.2, or to such other Person or address as may be hereafter designated by the Borrower Representative in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder. For the avoidance of doubt, this Section 9.5 shall not apply to Taxes, except any Taxes that represent losses or damages arising from any non-Tax claim.
Appears in 2 contracts
Samples: Credit Agreement (Franklin BSP Realty Trust, Inc.), Credit Agreement (Benefit Street Partners Realty Trust, Inc.)
Payment of Expenses. The Borrower agrees shall reimburse the Lender on demand for all costs and expenses, including, without limitation, reasonable legal expenses and reasonable attorneys' fees of outside counsel, incurred by the Lender in connection with (a) the documentation and consummation of the transactions contemplated hereunder and any other transactions between Borrower and the Lender, including, without limitation, UCC and other public record searches and filings, overnight courier or other express or messenger delivery, appraisal costs, surveys, title insurance and environmental audit or review (including due diligence review) costs; (b) the collection, protection or enforcement of any rights in or to pay the Collateral; (c) the collection of any obligations of Borrower to the Lender under this Agreement, the Notes or reimburse any other Transaction Document; (d) the administration and enforcement of the Lender's rights under this Agreement or any other Transaction Document (including, without limitation, any costs and expenses of any third party provider engaged by the Lender for such purposes); (e) costs associated with any refinancing or restructuring of the Notes whether in the nature of a "work out," in any insolvency or bankruptcy proceeding or otherwise, and whether or not consummated; (f) all its (i) reasonable out-of-pocket costs and expenses incurred of the Lender and its assignees (including, without limitation, attorneys' fees) in connection with the developmentassignment, preparation and execution of, and any amendment, supplement transfer or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration syndication of the transactions contemplated hereby and thereby Notes; (including the reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender)g) all liability for any intangibles, and (ii) costs and expenses incurred in connection with the enforcement documentary, stamp or preservation of any rights or exercise of remedies under this Agreementother similar taxes, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feesexcises, if any, which including any interest and penalties; and (h) any finder's or brokerage fees, commissions and expenses, that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the Notes and the other Loan Documents and any Transaction Documents. All such other documents, and (c) to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred and charges shall constitute obligations hereunder, shall be payable by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of Lender on demand, and, until paid, shall bear Default Interest (as defined in the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cNotes), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and if (i) any Note is placed in the hands of an attorney or agency for collection or enforcement or is collected or enforced through any legal proceeding or the Lender otherwise takes action to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All collect amounts due under this Section 8.5 such Note or to enforce the provisions of such Note or (ii) there occurs any bankruptcy, reorganization, receivership of Borrower or other proceedings affecting creditors' rights and involving a claim under such Note, then Borrower shall be payable not later than 30 days after written demand therefor. Statements payable pay the costs incurred by the Borrower pursuant Lender for such collection, enforcement or action or in connection with such bankruptcy, reorganization, receivership or other proceeding, including, but not limited to, attorneys' fees and disbursements (including such fees and disbursements related to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth seeking relief from any stay, automatic or otherwise, in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereundereffect under any applicable bankruptcy law).
Appears in 2 contracts
Samples: Kitimat Note Purchase Agreement (Roi Land Investments LTD), Loan and Security Agreement (Roi Land Investments LTD)
Payment of Expenses. The Borrower agrees Each of CFC and, as applicable, CCCL, agrees:
(a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification toto or waiver under, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewithherewith, and the consummation and administration of the transactions contemplated hereby and thereby (including the administration of this Agreement, including, without limitation, the reasonable out-of-pocket fees and disbursements of Xxxxxxx Xxxxxxx & Xxxxxxxx, special counsel to the Administrative Agent and the Banks;
(b) to pay or reimburse each Bank and each Agent for all costs and expenses (other than legal fees and professional fees of the advisors and counsel to the Lender), and (iidisbursements) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents Agreement and any such other documents, and the reasonable fees and disbursements of one firm of special counsel in each of the United States and Canada to the Agents and the Banks; and
(c) to pay, (i) indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless Bank from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements (other than legal fees and disbursements) of any kind whatsoever (and, with respect to any proceeding or nature whatsoever related proceedings, the reasonable fees and disbursements of one firm of special counsel to the relevant Banks in connection with such proceeding(s)) which may at any time (including, without limitation, at any time following the payment of the Loans) be imposed on, incurred by an Indemnitee or asserted against such Bank in any Indemnitee by any third party way relating to or by the Borrower arising out of this Agreement or any other Loan Party arising out of, in connection with, documents contemplated by or as a result of, the execution referred to herein or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use action taken or proposed use of proceeds of the Loans omitted by such Bank under or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contractprovided that no Borrower shall be liable for the payment of any portion of such liabilities, tort obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or any disbursements resulting from (x) the ordinary course of administration of this Agreement or such other theory, whether brought documents by any third party Bank or by the Borrower or (y) any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the Bank's gross negligence or willful misconduct ofor bad faith; and (ii) pay or reimburse (x) each Bank for any payments made by such Bank to either Agent or CASG pursuant to the provisions of Section 10.7 and (y) each Agent and CASG for any and all liabilities, in each case as determined expenses or disbursements incurred by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising them which pursuant to the provisions of Section 10.7 are the subject of indemnification payments from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and Banks to the extent permitted by Applicable Lawthat such Agent or CASG, as the Borrower agrees case may be, for whatever reason, did not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution receive such indemnification payments from any Bank or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderBanks. The agreements in this Section 8.5 12.6 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Short Term Revolving Credit Agreement (Chrysler Financial Corp), Short Term Revolving Credit Agreement (Chrysler Financial Corp)
Payment of Expenses. The Each of IBM and, as applicable, each Subsidiary Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket out‑of‑pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewithherewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and a single counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Administrative Agent for all its reasonable costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this AgreementAgreement and any such other documents, including, without limitation, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the reasonable fees and disbursements of separate counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Administrative Agent and to each Lender, and (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other similar taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents Agreement and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliateseach Local Currency Lender, and its each Syndication Agent, each Documentation Agent, each Joint Lead Arranger, the Administrative Agent and their respective directors, officers, directors, partners, employees, advisors, agents, controlling persons employees and trustees agents (each, an “Indemniteeindemnified person”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements, including reasonable fees and disbursements of any kind or nature whatsoever counsel, incurred by an Indemnitee or asserted against such indemnified person which arise out of or in connection with any Indemnitee by any third party claim, litigation or by the Borrower proceeding relating to this Agreement or any such other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreementdocuments, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use actual or proposed use of proceeds of the Loans any Loan or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged PropertiesTransactions, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings any failure by any Indemnitee against Borrower to repay any Loan Party Local Currency Loans or other obligations owing under any Loan Document or any actual or prospective Local Currency Facility when due in accordance with the terms of such Local Currency Facility, regardless of whether such claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort is brought by IBM or any other theory, whether brought by any third party or by the Subsidiary Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”); provided, provided that the no Borrower shall have no any obligation hereunder to any Indemnitee indemnified person with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted indemnified liabilities arising from (x) the gross negligence or willful misconduct ofof such indemnified person, its affiliates or the directors, officers, employees and agents of such indemnified person, acting as such, in each case as determined by a final and nonappealable decision final, non-appealable judgment of a court of competent jurisdictionjurisdiction or (y) a material breach by such indemnified person, such Indemnitee, any of its affiliates or the directors, officers, employees and agents of such indemnified person, acting as such, of its or their respective officersobligations under this Agreement, directorsin each case as determined by a final, partnersnon-appealable judgment of a court of competent jurisdiction and provided further, employees, agents that nothing contained in this Section 11.5 (other than Section 11.5(c)) shall require IBM or controlling personsany Subsidiary Borrower to pay any taxes of any indemnified person or any Transferee or any indemnity with respect thereto. No Indemnitee indemnified person or IBM shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or persons. No indemnified person shall be liable for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoingthis Agreement; provided, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution that nothing in this sentence shall relieve IBM or any other rights Subsidiary Borrower of recovery with respect any obligation it may have to all claimsindemnify an indemnified person, demandsas provided in this paragraph, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due special, indirect, consequential or punitive damages asserted against such indemnified person by a third party and the foregoing waivers shall be in addition to IBM and each Subsidiary Borrower’s indemnification obligations under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAgreement. The agreements in this Section 8.5 11.5 shall survive repayment of the Loans and the payment of all other amounts payable hereunder.
Appears in 2 contracts
Samples: Five Year Credit Agreement (International Business Machines Corp), Five Year Credit Agreement (International Business Machines Corp)
Payment of Expenses. The Borrower Company agrees (a) to pay or reimburse the Lender Administrative Agent and the Lead Arranger for all its (i) reasonable out-of-pocket and documented out‑of‑pocket costs and expenses incurred in connection with the developmentsyndication, preparation and execution ofexecution, and any amendment, supplement amendments or modification to, modifications or waivers of the provisions of this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and one counsel (and, if necessary, one local counsel per jurisdiction) to the Lender)Lead Arranger and the Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Company prior to the Restatement Effective Date (in the case of amounts to be paid on the Restatement Effective Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (iib) to pay or reimburse each Bank and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents Agreement and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the reasonable fees and disbursements of one counsel (including the allocated fees and, if necessary, one local counsel per jurisdiction) to each Bank and disbursements and other charges of in-house counselone counsel (and, if necessary, one local counsel per jurisdiction) to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Bank, the Lender Lead Arranger and the Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents Agreement and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Bank, the Lead Arranger and the Administrative Agent and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofsyndication (but solely with respect to the Lead Arranger and its officers, in connection withdirectors, or as a result ofemployees, the execution or delivery affiliates, agents and controlling persons), execution, delivery, enforcement, performance and administration of this Agreement, Agreement and any such other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebydocuments, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party the Company under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto this Agreement (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower Company shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising jurisdiction to have resulted from the use by unauthorized persons willful misconduct, bad faith or gross negligence of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 12.5 shall be payable not later than 30 days promptly after written demand therefor. Statements payable by the Borrower Company pursuant to this Section 8.5 12.5 shall be submitted to the Treasurer address of the Borrower as Company set forth in Section 8.212.2, or to such other Person or address as may be hereafter designated by the Borrower Company in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 12.5 shall survive repayment of the Loans and all other amounts payable hereunder. The Banks shall endeavor in good faith to limit the number of counsel retained by them to avoid duplication of expenses.
Appears in 2 contracts
Samples: Credit Agreement (Lazard Group LLC), Credit Agreement (Lazard LTD)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Lenders for all its (i) reasonable their out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including the reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the each Lender, (b) to pay, indemnify, or reimburse the each Lender for, and hold the each Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (c) to pay, indemnify or reimburse the each Lender, its their respective affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, Properties and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, or material breach of the Loan Documents, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, by, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansLoans or the Additional Notes. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as (Telephone No. 000-000-0000) (Fax No. 000-000-0000) at the address of the Borrower set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderLenders. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Second Lien Secured Priming Superpriority Debtor in Possession Credit Agreement, Second Lien Secured Priming Superpriority Debtor in Possession Credit Agreement
Payment of Expenses. The Borrower agrees (a) to pay or ------------------- reimburse the Lender Agents and the Arranger for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Agents for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliates, the Arranger and its the Agents and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”"indemnitee") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of Holdings, the Borrower any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”"indemnified liabilities"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnitee with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined indemnified liabilities are found by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising jurisdiction to have resulted from the use by unauthorized persons gross negligence or willful misconduct of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loansindemnitee. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives waive and agrees agree to cause its Subsidiaries to so waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderindemnitee. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Nationwide Credit Inc), Credit Agreement (Nationwide Credit Inc)
Payment of Expenses. The Borrower agrees (a) (x) to pay or reimburse the Lender Administrative Agent, the Lead Arrangers, the Bookrunners and the Co-Manager for all its (i) their reasonable and documented out-of-pocket costs costs, fees and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable and documented fees and disbursements of one firm of counsel to the Administrative Agent, the Lead Arrangers and the Bookrunners, taken as a whole (and, by a single firm of local counsel in each appropriate jurisdiction for the Administrative Agent, the Lead Arrangers, the Bookrunners and the Co-Manager, and, solely if representation by a single counsel would be inappropriate based on the advice of legal counsel due to the existence of an actual conflict of interest, one additional outside counsel to all such Persons subject to such conflict, taken as a whole) and the charges of Intralinks, (y) to pay or reimburse each Lender, the Administrative Agent, each Lead Arranger, each Bookrunner and the Co-Manager, for all their reasonable and documented out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the reasonable and documented fees and disbursements of one firm of counsel to the Lenders, the Administrative Agent, the Lead Arrangers, the Bookrunners and the Co-Manager, taken as a whole (including and, by a single firm of local counsel to such Persons, taken as a whole, in each appropriate jurisdiction, and, solely if representation by a single counsel would be inappropriate based on the allocated advice of legal counsel due to the existence of an actual conflict of interest, one additional outside counsel to all such Persons subject to such conflict, taken as a whole) and (z) to pay in full in cash all reasonable and documented out-of-pocket fees and disbursements and other charges of in-house counsel) expenses payable to Xxxxxx, Xxxx & Xxxxxxxx LLP, as legal counsel to the Lenderad hoc group of Lenders, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the syndication, negotiation, documentation, execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documentsAmendment No. 2, and (cb) to pay, indemnify or reimburse the each Lender, its the Administrative Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any Loan or Letter of the foregoing relating to Credit or the use or proposed use of the proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, thereof (including any refusal by any Issuing Lender to honor a demand for payment under a Letter of Credit if the Mortgaged Properties, and the reasonable fees and expenses of legal counsel documents presented in connection with claimssuch demand do not strictly comply with the terms of such Letter of Credit), actions (iii) any actual or proceedings by alleged presence or release of, or exposure to, any Indemnitee against Materials of Environmental Concern, any Loan Party under failure to comply with Environmental Law or any Loan Document claim, litigation, investigation or proceeding pursuant to Environmental Law relating to any Materials of Environmental Concern related in any way to the Borrower or any of its Subsidiaries or any or of their respective properties, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, and whether or not such claim, litigation, investigation or proceeding are brought by any third party or by the Borrower Borrower, its equity holders, affiliates, creditors or any other Loan Party, person and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cb), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities (i) to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee, (ii) arising from a material breach of such Indemnitee’s obligations hereunder, as finally determined by a court of competent jurisdiction in a final, nonappealable judgment or (iii) arising from any claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission or the Borrower or any of its affiliates and that is brought by an Indemnitee against any other Indemnitee (other than any claim, actions, suits, inquiries, litigation, investigation or proceeding against the Administrative Agent in its capacity as such), and provided, further, this Section 10.5 shall not apply with respect to Taxes other than any Taxes expressly referenced in this Section 10.5 or their respective officersthat represent losses or damages arising from non-Tax claim. Each Indemnitee shall be obligated to refund or return any and all amounts paid by any Borrower pursuant to this Section 10.5 to such Indemnitee for any fees, directorsexpenses, partnersor damages to the extent such Indemnitee is not entitled to payment of such amounts in accordance with the terms hereof. The Borrower acknowledges that information and documents relating to the Facilities may be transmitted through a Platform, employeesand, agents notwithstanding anything herein to the contrary, that the Administrative Agent is not responsible for approving or controlling persons. No vetting the representatives or contacts of any Lender that are added to any such Platform and that no Indemnitee shall be liable for any damages arising from the unauthorized use by unauthorized persons others of information or other materials sent through electronicdocuments occurring as a result of such information or documents being transmitted in such manner unless resulting from such Indemnitee’s gross negligence, telecommunications bad faith or other information transmission systems that are intercepted by such persons or willful misconduct, and neither the Borrower nor any Indemnitee shall be liable for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. The Borrower shall have the right to undertake, conduct and control through counsel of its own choosing (which counsel shall be acceptable to the applicable Indemnitee acting reasonably), the conduct and settlement of claims with respect to the related Indemnified Liabilities, and such Indemnitee shall cooperate with the Borrower in connection therewith; provided that the Borrower shall permit such Indemnitee to participate in such conduct and settlement through counsel chosen by such Indemnitee. Notwithstanding the foregoing, each Indemnitee shall have the right to employ its own counsel if such Indemnitee reasonably determines that (i) the Borrower’s counsel is not defending any claim or proceeding in a manner reasonably acceptable to such Indemnitee or (ii) the interest of the Borrower and such Indemnitee have become adverse in any such claim or cause of action, provided, however, that in any event, the Borrower shall only be liable for the reasonable and documented out-of-pocket legal expenses of one counsel for all such Indemnitees, taken as a whole. If clause (ii) of the immediately preceding sentence is applicable, at the option of the applicable Indemnitee, its attorneys shall control the resolution of any such claim with respect to the related Indemnified Liabilities. The Borrower shall not, without the prior written consent of each Indemnitee affected thereby, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification may be sought hereunder (whether or not such Indemnitee is an actual or potential party to such action or claim) unless such settlement, compromise or judgment (a) includes an unconditional release of such Indemnitee from all liability arising out of such action or claim, (b) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of such Indemnitee and (c) does not require such Indemnitee to pay any form of consideration to any party or parties (including, without limitation, the payment of money) in connection therewith. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeIndemnitee until all Obligations (other than obligations in respect of any Specified Hedge Agreement and other than indemnity obligations that survive the termination of this Agreement and for which no notice of a claim has been received by the Borrower as of such termination) have been paid in full, all Commitments have terminated or expired and no Letter of Credit shall be outstanding. All amounts due under this Section 8.5 shall be payable not later than 30 days (x) after written demand therefor. Statements payable by thereof, in the Borrower pursuant to this Section 8.5 shall be submitted to case of any indemnification obligations and (y) in the Treasurer case of the Borrower as set reimbursement of costs and expenses, after receipt of an invoice relating thereto, setting forth such expenses in Section 8.2, or to reasonable detail and together with backup documentation supporting such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderreimbursement requests. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder. This paragraph shall not apply with respect to Taxes other than any Taxes that represent losses, claims or damages arising from any non-Tax claim.
Appears in 2 contracts
Samples: Credit Agreement (National CineMedia, Inc.), Credit Agreement (National CineMedia, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Revolving Credit Facility and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify indemnify, or reimburse the each Lender, its the Agents, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Revolving Credit Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group MemberParent, including any of the Mortgaged Propertiesits Subsidiaries or Securitization Subsidiaries or any property at any time owned, leased, or in any way used by Parent, any Subsidiary or Securitization Subsidiary of Parent or any other entity for which Parent or any of its Subsidiaries or Securitization Subsidiaries is alleged to be responsible, and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries and Securitization Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries and Securitization Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to Xxx Xxxxx (Telephone No. (000) 000-0000) (Fax No. (561) 989–2940), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Revolving Credit Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (iib) to pay or reimburse each Lender and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Administrative Agent and their respective officers, directors, partners, employees, advisorsAffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, properties owned by such Group Members and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of, of such Indemnitee or breach in each case as determined by a final and nonappealable decision bad faith of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from ’s obligations under the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansLoan Documents. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waivewaives, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 ten (10) days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to Treasurer (Telephone No. (000) 000-0000; Facsimile No. (000) 000-0000), at the Treasurer address of the Borrower as Xxxxx Limited set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder. Notwithstanding the foregoing, and for the avoidance of doubt, this Section 8.5 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from a non-Tax claim.
Appears in 2 contracts
Samples: Credit Agreement (Bungeltd), Credit Agreement (Bunge LTD)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket out‑of‑pocket costs and expenses incurred in connection with the development, preparation preparation, execution and execution administration of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents including, without limitation, the reasonable fees and any other documents prepared expenses of one joint counsel to the Agents in connection herewith or therewith, with this Agreement and the consummation other Loan Documents, (b) to pay or reimburse each Lender and administration of the transactions contemplated hereby and thereby (including the reasonable Administrative Agent for all its out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, Agreement or the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwiseincluding, including without limitation, the fees and disbursements of one joint counsel (including the allocated fees and disbursements and other charges of in-house and, if required, one regulatory counsel) to the LenderLenders and the Administrative Agent (each such counsel to be reasonably acceptable to the Administrative Agent), provided that, notwithstanding the foregoing, the Borrower agrees to pay or reimburse the fees and disbursements of separate counsel to any Lender or the Administrative Agent to the extent of any conflict of interest among the Lenders or between the Lenders and the Administrative Agent, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, documents and (cd) to pay, indemnify or reimburse the indemnify, and hold each Agent, each Arranger, each Lender, its affiliatesand each of their respective Affiliates, and its and their respective officers, directors, partnersofficers, employees, advisors, agents, controlling persons affiliates and trustees agents (each, an “Indemniteeindemnified person”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any execution, delivery, enforcement, performance and administration of this Agreement and the other Loan Party arising out of, in connection with, or as a result of, Documents and the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnified person with respect to Indemnified Liabilities indemnified liabilities that are found by a final and non-appealable decision of a court of competent jurisdiction to the extent such Indemnified Liabilities have resulted from the gross negligence or willful misconduct ofof such indemnified person, in each case as determined from the breach by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any indemnified person of its affiliates Contractual Obligations to the Borrower or its from negotiated settlements of pending or their respective officers, directors, partners, employees, agents or controlling personsthreatened legal actions entered into by such indemnified person without the Borrower’s consent. No Indemnitee indemnified person referred to above shall be liable for any damages arising from the unauthorized use by unauthorized persons recipients of any information or other materials sent distributed to such recipients by such indemnified person through electronic, electronic telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with this Agreement or the Loansother Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such indemnified person as determined by a court of competent jurisdiction in a final and non-appealable decision. Without limiting Notwithstanding the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees this Section 9.5 shall not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery apply with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind taxes other than any taxes that represent losses or nature, under or related to Environmental Laws, that damages arising from any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereundernon-tax claim.
Appears in 2 contracts
Samples: 364 Day Revolving Credit Agreement (SOUTHERN CALIFORNIA EDISON Co), Term Loan Credit Agreement (Edison International)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent, BAS and their respective Affiliates for all its (i) their reasonable and documented out-of-pocket costs and expenses incurred in connection with the syndication of the credit facilities provided herein, the development, preparation preparation, execution, negotiation, delivery and execution administration of this Agreement and the other Loan Documents and of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Administrative Agent and BAS and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent and BAS shall deem appropriate, (b) to pay or reimburse the Issuing Lender for all reasonable out-of pocket expenses incurred by the Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (c) to pay or reimburse each Lender), the Issuing Lender and (ii) the Administrative Agent and BAS for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies rights, (i) under this Agreement, the other Loan Documents and any such other documents prepared documents, including its rights under this Section or (ii) in connection herewith with the Loans made or therewith Letters of Credit issued hereunder, in respect of any Event of Default or otherwise, each case including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent and all such out-of pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit, (bd) to pay, indemnify, or reimburse the Lender for, and hold each Lender, the Lender Administrative Agent and BAS harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (ce) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliatesthe Issuing Lender, the Administrative Agent (and its any sub-agent thereof) and BAS and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees Related Parties (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (including the fees, charges and disbursements of counsel (including the allocated fees and expenses of in-house counsel)) incurred by an any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, (i) the execution or delivery execution, delivery, enforcement, performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets Letters of any Group Member, Credit (including any refusal by the Issuing Lender to honor a demand for payment under a Letter of Credit if the Mortgaged Properties, documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit) and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document Document, or (ii) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any a third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (ce), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising jurisdiction to have resulted from the use by unauthorized persons gross negligence or willful misconduct of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 10 days after written demand therefor, accompanied by supporting documentation as to the calculation thereof. Statements payable by the Borrower pursuant to this Section 8.5 10.5 shall be submitted to Xxxxx Xxxxx (Telephone No.: 000-000-0000) (Telecopy No.: 212-301-1149), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 10.5 shall survive repayment of the Loans and all other amounts payable hereunder. Notwithstanding the provisions of this Section 10.5 and the provisions of any other Loan Document, the Loan Parties shall not be responsible for reimbursement of the costs and expenses of the Lenders to the extent they exercise their visitation and inspection rights pursuant to Section 6.6(b), absent an Event of Default.
Appears in 2 contracts
Samples: Credit Agreement (National Financial Partners Corp), Credit Agreement (National Financial Partners Corp)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket out‑of‑pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents including, without limitation, the reasonable fees and any other documents prepared expenses of one joint counsel to the Agents in connection herewith or therewith, with this Agreement and the consummation other Loan Documents, (b) to pay or reimburse each Lender and administration of the transactions contemplated hereby and thereby (including the reasonable Administrative Agent for all its out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, Agreement or the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwiseincluding, including without limitation, the fees and disbursements of one joint counsel (including the allocated fees and disbursements and other charges of in-house and, if required, one regulatory counsel) to the LenderLenders and the Administrative Agent (each such counsel to be reasonably acceptable to the Administrative Agent and the Issuing Lenders), provided that, notwithstanding the foregoing, the Borrower agrees to pay or reimburse the fees and disbursements of separate counsel to any Lender or the Administrative Agent to the extent of any conflict of interest among the Lenders or between the Lenders and the Administrative Agent, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, documents and (cd) to pay, indemnify or reimburse the indemnify, and hold each Agent, Lender, its affiliatesIssuing Lender, and its each of their respective Affiliates, and their respective officers, directors, partnersofficers, employees, advisors, agents, controlling persons affiliates and trustees agents (each, an “Indemniteeindemnified person”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any execution, delivery, enforcement, performance and administration of this Agreement and the other Loan Party arising out of, in connection with, or as a result of, Documents and the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets Letters of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Credit (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnified person with respect to Indemnified Liabilities indemnified liabilities that are found by a final and non-appealable decision of a court of competent jurisdiction to the extent such Indemnified Liabilities have resulted from the gross negligence or willful misconduct ofof such indemnified person, in each case as determined from the breach by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any indemnified person of its affiliates Contractual Obligations to the Borrower or its from negotiated settlements of pending or their respective officers, directors, partners, employees, agents or controlling personsthreatened legal actions entered into by such indemnified person without the Borrower’s consent. No Indemnitee indemnified person referred to above shall be liable for any damages arising from the unauthorized use by unauthorized persons unintended recipients of any information or other materials sent distributed to such recipients by such indemnified person through electronic, electronic telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with this Agreement or the Loansother Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such indemnified person as determined by a court of competent jurisdiction in a final and non-appealable decision. Without limiting Notwithstanding the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees this Section 9.5 shall not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery apply with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind taxes other than any taxes that represent losses or nature, under or related to Environmental Laws, that damages arising from any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereundernon-tax claim.
Appears in 2 contracts
Samples: Credit Agreement (Southern California Edison Co), Credit Agreement (Southern California Edison Co)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents including, without limitation, the reasonable fees and any other documents prepared expenses of one joint counsel to the Agents in connection herewith or therewith, with this Agreement and the consummation other Loan Documents, (b) to pay or reimburse each Lender and administration of the transactions contemplated hereby and thereby (including the reasonable Administrative Agent for all its out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, Agreement or the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwiseincluding, including without limitation, the fees and disbursements of one joint counsel (including the allocated fees and disbursements and other charges of in-house and, if required, one regulatory counsel) to the LenderLenders and the Administrative Agent (each such counsel to be reasonably acceptable to the Administrative Agent, the Swingline Lenders and the Issuing Lenders), provided that, notwithstanding the foregoing, the Borrower agrees to pay or reimburse the fees and disbursements of separate counsel to any Lender or the Administrative Agent to the extent of any conflict of interest among the Lenders or between the Lenders and the Administrative Agent, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, documents and (cd) to pay, indemnify or reimburse the indemnify, and hold each Agent, Lender, its affiliatesIssuing Lender, and its each of their respective Affiliates, and their respective officers, directors, partnersofficers, employees, advisors, agents, controlling persons affiliates and trustees agents (each, an “Indemniteeindemnified person”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any execution, delivery, enforcement, performance and administration of this Agreement and the other Loan Party arising out of, in connection with, or as a result of, Documents and the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets Letters of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Credit (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnified person with respect to Indemnified Liabilities indemnified liabilities that are found by a final and non-appealable decision of a court of competent jurisdiction to the extent such Indemnified Liabilities have resulted from the gross negligence or willful misconduct ofof such indemnified person, in each case as determined from the breach by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any indemnified person of its affiliates Contractual Obligations to the Borrower or its from negotiated settlements of pending or their respective officers, directors, partners, employees, agents or controlling personsthreatened legal actions entered into by such indemnified person without the Borrower’s consent. No Indemnitee indemnified person referred to above shall be liable for any damages arising from the unauthorized use by unauthorized persons unintended recipients of any information or other materials sent distributed to such recipients by such indemnified person through electronic, electronic telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with this Agreement or the Loansother Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such indemnified person as determined by a court of competent jurisdiction in a final and non-appealable decision. Without limiting Notwithstanding the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees this Section 9.5 shall not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery apply with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind taxes other than any taxes that represent losses or nature, under or related to Environmental Laws, that damages arising from any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereundernon-tax claim.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket out‑of‑pocket costs and expenses incurred in connection with the development, preparation preparation, execution and execution administration of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents including, without limitation, the reasonable fees and any other documents prepared expenses of one counsel to the Administrative Agent in connection herewith or therewith, with this Agreement and the consummation other Loan Documents, (b) to pay or reimburse each Lender and administration of the transactions contemplated hereby and thereby (including the reasonable Administrative Agent for all its out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, Agreement or the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwiseincluding, including without limitation, the fees and disbursements of one joint counsel (including the allocated fees and disbursements and other charges of in-house and, if required, one regulatory counsel) to the LenderLenders and the Administrative Agent (each such counsel to be reasonably acceptable to the Administrative Agent), provided that, notwithstanding the foregoing, the Borrower agrees to pay or reimburse the fees and disbursements of separate counsel to any Lender or the Administrative Agent to the extent of any conflict of interest among the Lenders or between the Lenders and the Administrative Agent, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, documents and (cd) to pay, indemnify or reimburse indemnify, and hold the Administrative Agent, each Lender, its affiliatesand each of their respective Affiliates, and its and their respective officers, directors, partnersofficers, employees, advisors, agents, controlling persons affiliates and trustees agents (each, an “Indemniteeindemnified person”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any execution, delivery, enforcement, performance and administration of this Agreement and the other Loan Party arising out of, in connection with, or as a result of, Documents and the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnified person with respect to Indemnified Liabilities indemnified liabilities that are found by a final and non-appealable decision of a court of competent jurisdiction to the extent such Indemnified Liabilities have resulted from the gross negligence or willful misconduct ofof such indemnified person, in each case as determined from the breach by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any indemnified person of its affiliates Contractual Obligations to the Borrower or its from negotiated settlements of pending or their respective officers, directors, partners, employees, agents or controlling personsthreatened legal actions entered into by such indemnified person without the Borrower’s consent. No Indemnitee indemnified person referred to above shall be liable for any damages arising from the unauthorized use by unauthorized persons recipients of any information or other materials sent distributed to such recipients by such indemnified person through electronic, electronic telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with this Agreement or the Loansother Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such indemnified person as determined by a court of competent jurisdiction in a final and non-appealable decision. Without limiting Notwithstanding the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees this Section 9.5 shall not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery apply with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind taxes other than any taxes that represent losses or nature, under or related to Environmental Laws, that damages arising from any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereundernon-tax claim.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (SOUTHERN CALIFORNIA EDISON Co), 364 Day Revolving Credit Agreement (SOUTHERN CALIFORNIA EDISON Co)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-out of pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Administrative Agent and such Issuing Lender), (b) to pay or reimburse each of the Lenders and (ii) Agents for all its reasonable costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay caused by any Loan Party in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Agents and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Memberthe Borrower, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document its Subsidiaries or any actual property at any time owned, leased or prospective claim, litigation, investigation or proceeding relating to in any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or way used by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto its Subsidiaries (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities (i) to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising jurisdiction to have resulted from the use by unauthorized persons gross negligence or willful misconduct of information such Indemnitee or (ii) solely related to the transfer, assignment or other materials sent through electronic, telecommunications disposition by or other information transmission systems that are intercepted by such persons on behalf of any Indemnitee of any Note or for any special, indirect, consequential interest in its Commitments or punitive damages in connection with the Loansrights to payment under this Agreement. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.,
Appears in 2 contracts
Samples: Revolving Credit Agreement (Tesoro Petroleum Corp /New/), 364 Day Revolving Credit Agreement (Tesoro Petroleum Corp /New/)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Agents, (b) to pay or reimburse each Lender and (ii) the Agents for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-in- house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Agents and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”"indemnitee") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Properties (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”"indemnified liabilities"), provided PROVIDED that the Borrower shall have no obligation hereunder to any Indemnitee indemnitee with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined indemnified liabilities are found by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising jurisdiction to have resulted from the use by unauthorized persons gross negligence or willful misconduct of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loansindemnitee. Without limiting the foregoingforegoing (including, without limitation, the proviso to the preceding sentence), and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to so waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 10.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Dardel Technologies E U R L), Credit Agreement (Axiohm Transaction Solutions Inc)
Payment of Expenses. The Borrower Company agrees (a) to pay or reimburse the Lender Administrative Agent and the Lead Arranger for all its (i) reasonable and documented out-of-pocket costs and expenses incurred in connection with the developmentsyndication, preparation and execution ofexecution, and any amendment, supplement amendments or modification to, modifications or waivers of the provisions of this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and one counsel (and, if necessary, one local counsel per jurisdiction) to the Lender)Lead Arranger and the Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Company prior to the Restatement Effective Date (in the case of amounts to be paid on the Restatement Effective Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (iib) to pay or reimburse each Bank and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents Agreement and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the reasonable fees and disbursements of one counsel (including the allocated fees and, if necessary, one local counsel per jurisdiction) to each Bank and disbursements and other charges of in-house counselone counsel (and, if necessary, one local counsel per jurisdiction) to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Bank, the Lender Lead Arranger and the Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents Agreement and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Bank, the Lead Arranger and the Administrative Agent and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofsyndication (but solely with respect to the Lead Arranger and its officers, in connection withdirectors, or as a result ofemployees, the execution or delivery affiliates, agents and controlling persons), execution, delivery, enforcement, performance and administration of this Agreement, Agreement and any such other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebydocuments, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party the Company under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto this Agreement (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower Company shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising jurisdiction in final and nonappealable judgment to have resulted from the use by unauthorized persons willful misconduct, bad faith or gross negligence of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 12.5 shall be payable not later than 30 days promptly after written demand therefor. Statements payable by the Borrower Company pursuant to this Section 8.5 12.5 shall be submitted to the Treasurer address of the Borrower as Company set forth in Section 8.212.2, or to such other Person or address as may be hereafter designated by the Borrower Company in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 12.5 shall survive repayment of the Loans and all other amounts payable hereunder. The Banks shall endeavor in good faith to limit the number of counsel retained by them to avoid duplication of expenses.
Appears in 2 contracts
Samples: Credit Agreement (Lazard Group LLC), Credit Agreement (Lazard LTD)
Payment of Expenses. The Borrower agrees Borrowers jointly and severally agree (a) to pay or reimburse the Lender Arrangers and the Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender), the Arrangers and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender, the Lender Arrangers and the Agents for, and hold each Lender, the Lender Arrangers and the Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and similar taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Arranger, each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, affiliates, shareholders, attorneys and other advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with with, or liability under, under any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged PropertiesProperties or the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the no Borrower shall have no any obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a court of competent jurisdiction to have resulted directly from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, Indemnitee or any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling personsaffiliate thereof. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information Information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the each Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee, except to the extent such claim, demand, penalty, fine, liability, settlement, damage, cost or expense is found by a court of competent jurisdiction to have resulted directly from the gross negligence or willful misconduct of such Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the any Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer address of the Borrower as Borrowers set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower Borrowers in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Waste Services, Inc.), Credit Agreement (Waste Services, Inc.)
Payment of Expenses. The Borrower agrees Borrowers agree (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Credit Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees, disbursements and expenses other charges of Cxxxxx Xxxxxx & Rxxxxxx llp and professional fees of the advisors and one counsel in each local jurisdiction to the Lenderextent consented to by the Parent Borrower (such consent not to be unreasonably withheld), (b) to pay or reimburse the Agent for all its reasonable and (ii) documented costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Credit Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and reasonable fees, disbursements and other charges of in-house counsel) counsel to the LenderAgent, (bc) to pay, indemnify, or reimburse the Lender for, and hold the harmless each Lender harmless and Agent from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold harmless each Lender and Agent and their respective officers, directors, partnersofficers, employees, advisorstrustees, agents, controlling persons investment advisors and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless agents from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by whatsoever, including reasonable and documented fees, disbursements and other charges of counsel, with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, the other Credit Documents and any such other Loan Document or any agreement or instrument contemplated hereby or therebydocuments, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable (other than by such indemnified person or any of its Related Parties) or to any actual or alleged presence, release or threatened release of Hazardous Materials involving or attributable to the operations of the Parent Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Real Estate (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”) and (e) to pay for up to two appraisals and field examinations and the preparation of Reports related thereto in each calendar year based on the fees charged by third parties retained by the Administrative Agent (notwithstanding any reference to “out-of-pocket” above in this Section 14.5), ; provided that the Borrower Borrowers shall have no obligation hereunder to any Indemnitee Administrative Agent or any Lender nor any of their respective Related Parties with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted from attributable to (i) the gross negligence negligence, bad faith or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, the party to be indemnified or any of its affiliates Related Parties, (ii) any material breach of any Credit Document by the party to be indemnified or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from (iii) disputes among the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable LawAdministrative Agent, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeLenders and/or their transferees. All amounts due payable under this Section 8.5 14.5 shall be payable not later than 30 days after written demand therefor. Statements payable paid within ten Business Days of receipt by the Parent Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set an invoice relating thereto setting forth such expense in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderreasonable retail. The agreements in this Section 8.5 14.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Hca Inc/Tn), Credit Agreement (Hca Inc/Tn)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its reasonable and documented (iwith supporting documentation) reasonable out-of-pocket costs and expenses (including, but not limited to, due diligence expenses, syndication expenses and travel expenses) incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable and documented fees and disbursements of one counsel to the Administrative Agent (and, to the extent necessary, one local counsel to the Administrative Agent in any applicable jurisdiction as to which the Administrative Agent reasonably determines local counsel is necessary) and such other counsel and any other advisor or consultant to the Administrative Agent as is retained solely with the Borrower’s consent, and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent and Borrower shall deem appropriate, (b) to pay or reimburse the Administrative Agent for all its reasonable and documented out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared documents, limited, in connection herewith or therewith in respect the case of any Event of Default or otherwiselegal fees, including to the reasonable and documented fees and disbursements of one counsel (including to all Lenders and the allocated fees Agents in the aggregate and disbursements and other charges of in-house counsel) to the Lenderone local counsel in each applicable jurisdiction, (bc) to pay, indemnify, or reimburse the Lender for, and hold the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold (i) each Lender and their each Agent and (ii) each of the foregoing’s respective partners, trustees, shareholders, officers, directors, partners, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, Properties and the reasonable fees and expenses of one legal counsel for the Agents and all Lenders (and one local counsel to such Lenders in any applicable jurisdiction as to which the Lenders reasonably determine is necessary and one regulatory counsel to such Lenders and Agents) in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of or material breach of any Loan Document by such Indemnitee (or any of such Indemnitee’s Affiliates, any of its affiliates or its partners, trustees, shareholders, officers, directors, employees, agents, controlling persons or their respective officers, directors, partnersemployees or agents), employees, agents to the extent such Indemnitee has settled any claim without the consent of the Borrower (which is not to be unreasonably withheld or controlling persons. No Indemnitee shall be liable for any damages delayed) or disputes between Lenders not arising from any act or omission of the use by unauthorized persons Borrower or any of information its Affiliates (other than with respect to a dispute with a Lender in its capacity as Administrative Agent, Issuing Lender or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansSwingline Lender). Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee, except to the extent such claims, demands, penalties, fines, liabilities, settlements, damages, costs, and expenses of whatever kind or nature, under or related to Environmental Laws, are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from (i) the gross negligence, bad faith or willful misconduct, of or material breach of any Loan Document by, such Indemnitee (or any of such Indemnitee’s Affiliates or their respective officers, directors, employees or agents), as determined by a court of competent jurisdiction in a final and nonappealable decision, (ii) to the extent such Indemnitee has settled any claim without the consent of the Borrower (which is not to be unreasonably withheld or delayed) or (iii) disputes solely between Indemnitees (other than with respect to a dispute with a Lender in its capacity as Administrative Agent, Issuing Lender or Swingline Lender) that do not arise out of any act or omission of the Borrower or any of its Subsidiaries. In the case of any investigation, litigation or other proceeding to which the indemnity in clause (d) of this Section applies, such indemnity shall be effective whether or not such investigation, litigation or other proceeding is brought by a third party or any Group Member or an Indemnitee, and whether or not an Indemnitee is otherwise a party thereto. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 thirty (30) days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 10.5 shall be submitted to the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 10.5 shall survive termination of the Commitments and repayment of the Loans and all other amounts payable hereunder. This Section 10.5 shall not apply with respect to Taxes other than Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.
Appears in 1 contract
Samples: Credit Agreement (21st Century Oncology Holdings, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Credit Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees, disbursements and expenses other charges of one primary counsel and professional fees of the advisors and one counsel in each local jurisdiction to the Lenderextent consented to by the Borrower (such consent not to be unreasonably withheld), (b) to pay or reimburse the Agents for all its reasonable and (ii) documented costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Credit Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and reasonable fees, disbursements and other charges of in-house counsel) counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold the harmless each Lender harmless and Agent from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold harmless each Lender and Agent and their respective officers, Affiliates and their and their Affiliates’ respective directors, partnersofficers, employees, advisorstrustees, agents, controlling persons investment advisors and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless agents from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by whatsoever, including reasonable and documented fees, disbursements and other charges of counsel, with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, the other Credit Documents and any such other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebydocuments, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable (other than by such indemnified person or any of its Related Parties) or to any actual or alleged presence, release or threatened release of Hazardous Materials involving or attributable to the operations of the Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Real Estate (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), ; provided that the Borrower shall have no obligation hereunder to any Indemnitee Agent or any Lender nor any of their respective Related Parties with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted from attributable to (i) the gross negligence negligence, bad faith or willful misconduct of, in each case of the party to be indemnified or any of its Related Parties (as determined by a final and nonappealable decision non-appealable judgment of a court of competent jurisdiction), such Indemnitee(ii) any material breach of any Credit Document by the party to be indemnified (as determined by a final non-appealable judgment of a court of competent jurisdiction ) or (iii) disputes among the Agents, the Lenders and/or their transferees (other than any claims against an Agent or Lender in its capacity or in fulfilling its role as an administrative agent or arranger or any similar role under this Agreement and other than any claims arising out of any act or omission of the Borrower or any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeAffiliates). All amounts due payable under this Section 8.5 14.5 shall be payable not later than 30 days after written demand therefor. Statements payable paid within ten Business Days of receipt by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set an invoice relating thereto setting forth such expense in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderreasonable retail. The agreements in this Section 8.5 14.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees Borrowers agree (a) to pay or reimburse the Lender Agents and the Other Representatives for (1) all its (i) their reasonable and documented out-of-pocket costs and expenses incurred in connection with (i) the syndication of the Facilities and the development, preparation preparation, execution and execution delivery of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and (ii) the consummation and administration of the transactions (including the syndication of the Facilities) contemplated hereby and thereby and (iii) efforts to monitor the Facilities (including the reasonable out-of-pocket and documented fees and costs for appraisals and expenses field examinations to the extent required by Section 8.2 and professional fees the preparation of reports related thereto in each calendar year) and verify, protect, evaluate, assess, appraise, collect, sell, liquidate or otherwise dispose of any of the advisors Collateral, and (2) the reasonable and documented fees and disbursements of one firm of counsel solely in its capacity as counsel to the LenderAgents (plus one additional firm of counsel in Canada), and such other special or local counsel, consultants, advisors, appraisers and auditors whose retention (iiother than during the continuance of an Event of Default) is approved by the Borrower, (b) to pay or reimburse each Lender, each Lead Arranger, each Letter of Credit Issuer and the Agents for all their reasonable costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the LenderAgents and the Lenders, (bc) to pay, indemnify, or reimburse each Lender, each Lead Arranger, each Letter of Credit Issuer and the Lender Agents for, and hold each Lender, each Lead Arranger, each Letter of Credit Issuer and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, any stamp, documentary, excise and other similar taxes, if any, which may be payable or determined to be payable in connection with the execution and execution, delivery or enforcement of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its affiliateseach Lead Arranger, each Agent (and its any sub-agent thereof), each Letter of Credit Issuer and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees each Related Party of any of the foregoing Persons (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against against, any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred (in the case of fees and disbursements of counsel, limited to one firm of counsel for all Indemnities and, if necessary, one firm of local counsel in each appropriate jurisdiction, in each case for all Indemnities (and, in the case of an actual or perceived conflict of interest where the Indemnitee affected by an Indemnitee such conflict informs the U.S. Parent Borrower of such conflict and thereafter, after receipt of the U.S. Parent Borrower’s consent (which shall not be unreasonably withheld), retains its own counsel, of another firm of counsel for such affected Indemnitee) arising out of or asserted against relating to any Indemnitee actual or prospective claim, litigation, investigation or proceeding, whether based on contract, tort or any other theory, brought by any a third party or by the any Borrower or any other Loan Party arising out ofand regardless of whether any Indemnitee is a party thereto, in connection withwith respect to the execution, or as a result ofdelivery, the execution or delivery enforcement, performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or Letters of Credit, the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the U.S. Parent Borrower or assets any of any Group Member, including its Restricted Subsidiaries or any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any property of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the U.S. Parent Borrower or any other Loan Partyof its Restricted Subsidiaries, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided that the Borrower Borrowers shall not have no any obligation hereunder to any Indemnitee Lead Arranger, any Other Representative, any Agent (or any sub-agent thereof), any Letter of Credit Issuer or any Lender (or any Related Party of any such Lead Arranger, Other Representative, Agent (or any sub-agent thereof), Letter of Credit Issuer or Lender) with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted arising from (i) the gross negligence negligence, bad faith or willful misconduct ofof such Lead Arranger, in each Other Representative, Agent (or any sub-agent thereof), Letter of Credit Issuer or Lender (or any Related Party of such Lead Arranger, Other Representative, Agent (or any sub-agent thereof), Letter of Credit Issuer or Lender), as the case may be, as determined by a court of competent jurisdiction in a final and nonappealable decision non-appealable decision, (ii) a material breach of the Loan Documents by such Lead Arranger, Other Representative, Agent (or any sub-agent thereof), Letter of Credit Issuer or Lender (or any Related Party of such Lead Arranger, Other Representative, Agent (or any sub-agent thereof), Letter of Credit Issuer or Lender), as the case may be, as determined by a court of competent jurisdictionjurisdiction in a final and non-appealable decision or (iii) claims against such Indemnitee or any Related Party brought by any other Indemnitee that do not involve claims arising from the actions of any Loan Party or claims against any Lead Arranger, such IndemniteeOther Representative, Letter of Credit Issuer or Agent in its capacity as such. Neither the Borrowers nor any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronicindirect, telecommunications or other information transmission systems that are intercepted by such persons or for any special, punitive or consequential damages hereunder; provided that nothing contained in this sentence shall limit the Borrowers’ indemnity or reimbursement obligations under this Section 12.5 to the extent such indirect, special, punitive or consequential or punitive damages are included in any third party claim in connection with the Loans. Without limiting the foregoing, and which such Indemnitee is entitled to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemniteeindemnification hereunder. All amounts due under this Section 8.5 12.5 shall be payable not later than 30 days after written demand therefor. Statements reflecting amounts payable by the Borrower Loan Parties pursuant to this Section 8.5 12.5 shall be submitted to the Treasurer address of the U.S. Parent Borrower as set forth in Section 8.212.2, or to such other Person or address as may be hereafter designated by the U.S. Parent Borrower in a written notice to the LenderU.S. Administrative Agent. Notwithstanding the foregoing, except as provided in Sections 12.5(b) and (c) above, the Borrowers shall have no obligation under this Section 12.5 to any Indemnitee with respect to any tax, levy, impost, duty, charge, fee, deduction or withholding imposed, levied, collected, withheld or assessed by any Governmental Authority. The agreements in this Section 8.5 12.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Samples: Abl Credit Agreement (Univar Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the syndication and administration of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender and (ii) the Administrative Agent for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees to each Lender and disbursements and other charges of in-house counsel) counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, the Administrative Agent, its respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Parent, the Borrower or assets any of any Group Member, including its Subsidiaries or any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee Indemnified Person shall be liable for any damages arising from the use by unauthorized persons Persons of information or other materials sent through electronicelectronic media. It is understood and agreed that, telecommunications or other information transmission systems that are intercepted to the extent not precluded by such persons or for any speciala conflict of interest (as reasonably determined by the relevant Indemnitee), indirect, consequential or punitive damages in connection each Indemnitee shall endeavor to work cooperatively with the LoansBorrower with a view towards minimizing the legal and other expenses associated with any defense and any potential settlement or judgment. To the extent reasonably practicable and not disadvantageous to any Indemnitee (as reasonably determined by the relevant Indemnitee), it is anticipated that a single counsel selected by the affected Lenders may be used. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.to
Appears in 1 contract
Samples: Credit Agreement (White Mountains Insurance Group LTD)
Payment of Expenses. The Each of the US Borrower and the Canadian Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent and the charges of Intra links, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, and costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the US Borrower, the Canadian Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any Loan or Letter of the foregoing relating to Credit or the use or proposed use of the proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, thereof (including any refusal by any Issuing Lender to honor a demand for payment under a Letter of Credit if the Mortgaged Properties, and the reasonable fees and expenses of legal counsel documents presented in connection with claimssuch demand do not strictly comply with the terms of such Letter of Credit), actions (iii) any actual or proceedings alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by the US Borrower or any Indemnitee against of its Subsidiaries, or any Loan Party under Environmental Liability related in any Loan Document way to the US Borrower or any of its Subsidiaries or any of their respective properties, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the US Borrower, the Canadian Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the US Borrower and the Canadian Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information Information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, each of the US Borrower and the Canadian Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the US Borrower or the Canadian Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer address of the US Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the US Borrower or the Canadian Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent and the Arranger for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation preparation, syndication and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender and (ii) the Administrative Agent for all its reasonable costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the reasonable fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender, the Lender Arranger and the Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliates, the Arranger and its the Administrative Agent and their respective officers, directors, partners, employees, advisorsaffiliates, agents, trustees, advisors and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result of, the execution or delivery enforcement and performance of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the Letters of Credit or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of Holdings, the Borrower any of their respective Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Properties (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined (i) are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates Indemnitee or its (ii) arise from disputes among the Administrative Agent and the Lenders or their respective officers, directors, partners, employees, agents or controlling personsamong the Lenders. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, Laws that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder. This Section 10.5 shall not apply to Taxes, which shall be governed by Section 2.20.
Appears in 1 contract
Payment of Expenses. The Borrower agrees Borrowers agree
(a) subject to Section 8.1, to pay or reimburse the Lender for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and its out-of-pocket costs and expenses incurred by unaffiliated third parties incurred in connection with (or affiliates with the prior consent of the Borrowers not to be unreasonably withheld, delayed or conditioned) consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and one counsel to the Lender and any local counsel retained by the Lender), and (iib) to pay or reimburse the Lender for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the reasonable fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (bc) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be are payable in connection with the execution and delivery of, or consummation or administration of of, any of the transactions contemplated byby (including, without limitation, any foreclosure or transfer in lieu thereof pursuant to any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, of the other Loan Documents and any such other documents, Security Documents) and (cd) subject to Section 8.1 to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) forindemnify, and hold each Indemnitee the Lender harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any execution, delivery, enforcement, performance and administration of this Agreement and the other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged PropertiesDocuments, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any such other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto documents (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided that the Borrower Borrowers shall have no obligation hereunder to any Indemnitee the Lender with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted arising from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 subsection shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents and the Arrangers for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication and administration of the Facilities (other than fees payable to syndicate members) and the development, preparation preparation, execution and execution delivery of, and any amendment, supplement supplement, modification or modification waiver to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Administrative Agent and the Arrangers and the charges of Intralinks, (b) to pay or reimburse each Lender), the Agents and (ii) the Arrangers for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees fees, disbursements and disbursements other charges of counsel (including including, without duplication, the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its the Agents, the Arrangers, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any Loan or Letter of the foregoing relating to Credit or the use or proposed use of the proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, thereof (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit if the Mortgaged Properties, and the reasonable fees and expenses of legal counsel documents presented in connection with claimssuch demand do not strictly comply with the terms of such Letter of Credit), actions (iii) any actual or proceedings alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by the Borrower or any Indemnitee against of its Subsidiaries, or any liability under Environmental Law arising from or relating to the Business or the Business Properties or this Agreement or the other Loan Party under any Loan Document Documents, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case of such Indemnitee as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information Information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeIndemnitee that relate to the subject matter of this Agreement or any other Loan Document . All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to Xxxxxxx X. Xxxxxxxx (Telephone No. (000) 000-0000) (Fax No. (000) 000-0000) (with a copy to Xxxxxxx X. Xxxxxx (Telephone No. (000) 000-0000) (Fax No. (310) 000-0000), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Each Borrower (on a pro rata basis based on the maximum amount of the Commitments made available to it hereunder) severally agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members and subject to such limits as have been agreed to between Holdings and the Arrangers) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent and the charges of Syndtrak, (b) after the occurrence and (ii) during the continuance of an Event of Default, to pay or reimburse each Lender and the Administrative Agent for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the reasonable fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other similar taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the any Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any Loan or Letter of the foregoing relating to Credit or the use or proposed use of the proceeds thereof (including any refusal by the Issuing Lender to honor a demand for payment under a Letter of Credit if the Loans documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or the violation ofalleged presence or release of Materials of Environmental Concern on or from any property owned, noncompliance with occupied or liability under, any Environmental Law applicable to the operations or assets of operated by any Group Member, including or any environmental liability of any Group Member or any of the Mortgaged Propertiestheir ownership or operation of their respective properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the any Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower Borrowers shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeFacilities. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower Borrowers pursuant to this Section 8.5 shall be submitted to Treasurer (Telephone No. (000) 000-0000) (Fax No. (000) 000-0000), at the Treasurer respective addresses of the Borrower as Borrowers set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower Borrowers in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the ------------------- Lender for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, modifications to this Agreement and the other Loan Documents Note and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents Note and any such other documents, and (c) to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) forindemnify, and hold each Indemnitee the Lender harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, actions judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, the Note and any such other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto documents (all the foregoing in this clause (c), collectively, the “"Indemnified Liabilities”"), provided that the Borrower shall have no obligation hereunder to any Indemnitee the Lender with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted arising from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Samples: Unsecured Revolving Credit Agreement (Homeside International Inc)
Payment of Expenses. The Borrower agrees (a) to pay or shall reimburse the Lender upon receipt of written notice from Lender for all its (i) all reasonable out-of-pocket costs and expenses incurred by Lender (or any of its Affiliates) in connection with the developmentorigination and any post-closing restructuring of the Loan, preparation including legal fees and execution ofdisbursements, accounting fees, and the costs of the Appraisal, the Engineering Report, the Qualified Title Insurance Policy, the Qualified Survey, the Environmental Report and any amendmentother third-party diligence materials; (ii) all reasonable out-of-pocket costs and expenses incurred by Lender (or any of its Affiliates) in connection with (A) monitoring Borrower’s ongoing performance of and compliance with Borrower’s agreements and covenants contained in this Agreement and the other Loan Documents on its part to be performed or complied with after the Closing Date, supplement including confirming compliance with environmental and insurance requirements, in each case if and to the extent Lender has reasonable cause to suspect noncompliance, (B) the negotiation, preparation, execution, delivery and administration of any consents, amendments, waivers or modification to, other modifications to this Agreement and the other Loan Documents and any other documents prepared or matters requested by Borrower or by Lender, (C) filing and recording fees and expenses and other similar expenses incurred in connection herewith creating and perfecting the Liens in favor of Lender pursuant to this Agreement and the other Loan Documents, (D) enforcing or therewithpreserving any rights, in response to third party claims or the prosecuting or defending of any action or proceeding or other litigation, in each case against, under or affecting Borrower, this Agreement, the other Loan Documents or any Collateral, and the consummation (E) obtaining any Rating Confirmation required or requested by Borrower hereunder; and administration of the transactions contemplated hereby and thereby (including the reasonable iii) all actual out-of-pocket costs and expenses (including, if the Loan has been securitized and professional an Event of Default has occurred, customary special servicing fees resulting therefrom) incurred by Lender (or any of the advisors and counsel to the Lender), and (iiits Affiliates) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise obligations of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnifyBorrower, or reimburse a Default by Borrower, under the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (c) to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyDocuments, including any actual or attempted foreclosure, deed-in-lieu of the foregoing relating to the use foreclosure, refinancing, restructuring or proposed use of proceeds of the Loans workout and any insolvency or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, bankruptcy proceedings (including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (capplicable transfer taxes), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or ------------------- reimburse LBI, the Lender Administrative Agent for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Administrative Agent, (b) to pay or reimburse each Lender), LBI and (ii) the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from ---------- and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of Holdings, the Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided ----------------------- provided, that the Borrower shall have no obligation hereunder to any Indemnitee ------- with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemniteeindemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to Xxx Xxxxx (Telephone No. (000) 000-0000) (Fax No. (000) 000-0000), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Each of the Parent REIT and the Borrower jointly and severally agrees (a) to pay or reimburse the Lender Agents and the Arrangers for all its (i) their reasonable and documented out-of-pocket costs and expenses incurred in connection with the syndication of the Commitments and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the LenderAdministrative Agent (but limited, in the case of legal fees and expenses, to a single firm of counsel for all such Persons, taken as a whole and, if relevant, of a single firm of local counsel in each applicable jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) for all such Persons, taken as a whole (and, in the case of an actual or perceived conflict of interest, where the Person affected by such conflict notifies the Borrower of the existence of such conflict and thereafter retains its own counsel, of another firm of counsel for such affected Person and, if relevant, of a single firm of local counsel in each appropriate jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) for such affected Person)) and the charges of Intralinks or another similar electronic system, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel to the Lenders and the Agents (including but limited, in the allocated case of legal fees and disbursements and other charges expenses, to a single firm of in-house counsel) to the Lendercounsel for all such Persons, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feestaken as a whole and, if anyrelevant, of a single firm of local counsel in each applicable jurisdiction (which may be payable include a single firm of special counsel acting in multiple jurisdictions) for all such Persons, taken as a whole (and, in the case of an actual or determined to be payable in connection with perceived conflict of interest, where the execution and delivery of, or consummation or administration of any Person affected by such conflict notifies the Borrower of the transactions contemplated byexistence of such conflict and thereafter retains its own counsel, or any amendmentof another firm of counsel for such affected Person and, supplement or modification ofif relevant, or any waiver or consent under or of a single firm of local counsel in respect of, this Agreement, the other Loan Documents and any each appropriate jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) for such other documentsaffected Person)), and (c) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Parent REIT, the Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document Document, any commitment letter or fee letter in connection therewith, or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any Loan or Letter of the foregoing relating to Credit or the use or proposed use of the proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, thereof (including any refusal by any Issuing Lender to honor a demand for payment under a Letter of Credit if the Mortgaged Properties, and the reasonable fees and expenses of legal counsel documents presented in connection with claimssuch demand do not strictly comply with the terms of such Letter of Credit), actions (iii) any actual or proceedings alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by the Parent REIT, the Borrower or any Indemnitee against of their respective Subsidiaries, or any Loan Party under environmental liability related in any Loan Document way to the Borrower or any of their respective Subsidiaries or any of their respective properties, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Parent REIT, the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that neither the Parent REIT nor the Borrower shall have no any obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted directly and primarily from (in each of the succeeding clauses (w), (x) and (y), to the extent determined by a court of competent jurisdiction, in a final and non-appealable judgment) (w) the gross negligence or willful misconduct ofof such Indemnitee or any of such Indemnitee’s officers, in each case as determined by a final directors and nonappealable decision of a court of competent jurisdictionemployees (collectively, such Indemnitee’s “Related Parties”), (x) the material breach by such Indemnitee (or any of such Indemnitee’s Related Parties) of its express obligations under the Loan Documents pursuant to a claim initiated by the Borrower, (y) with regard to Section 10.5(d)(iii), are caused solely by Materials of Environmental Concern first brought onto such respective property after neither Parent REIT, the Borrower nor any other Loan Party has possession or control of such property after a foreclosure or other transfer in lieu of foreclosure by an Indemnitee or (z) any proceeding that does not involve an act or omission of the Borrower or any of its affiliates Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than any proceeding against any Indemnitee solely in its capacity or in fulfilling its role as an Agent, Xxxxxxx Xxxxxx, or their respective officers, directors, partners, employees, agents or controlling personsArranger). No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons except to the extent resulting from the gross negligence or willful misconduct of such Indemnitee or any of its Related Parties (to the extent determined by a court of competent jurisdiction in a final and non-appealable judgment). No party hereto shall be liable for any special, indirect, consequential or punitive damages in connection with the LoansFacilities or the Loan Documents; provided that nothing contained in this sentence shall limit the Borrower or Parent REIT’s obligations to the extent set forth in this Section 10.5 to the extent such damages are included in any third party claim in connection with which an Indemnitee is entitled to indemnification hereunder. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeIndemnitee regarding any Indemnified Liabilities for which Borrower has an obligation under this Section 10.5. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by each of the Parent REIT and the Borrower pursuant to this Section 8.5 shall be submitted to at the Treasurer address and attention of the Parent REIT and the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Parent REIT or the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder. This Section 10.5 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.
Appears in 1 contract
Samples: Credit Agreement (Essential Properties Realty Trust, Inc.)
Payment of Expenses. The Borrower agrees Borrowers jointly and severally agree (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Agents for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Agents and their respective officers, directors, partnerstrustees, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”"indemnitee") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of K&F, the Borrowers, any of their Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Business Properties and the reasonable legal fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”"indemnified liabilities"), provided that the Borrower Borrowers shall have no obligation hereunder to any Indemnitee indemnitee with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined indemnified liabilities (i) are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the gross negligence or willful misconduct of such indemnitee, (ii) arise from legal proceedings commenced against any Agent or any such IndemniteeLender by any security holder or creditor thereof arising out of and based upon rights afforded any such security holder or creditor solely in its capacity as such, or (iii) arise from legal proceedings commenced against any Agent or any such Lender by any other Lender or by any Assignee (as defined in subsection 10.6(d)), any of its affiliates Agent or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansLender. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees Borrowers agree not to assert and to cause its 87 82 Subsidiaries not to assert, and hereby waives waive and agrees agree to cause its their Subsidiaries to so waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderindemnitee. The agreements in this Section 8.5 10.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Loans and the Commitments (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Agents for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees 98 105 and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Agents and their respective officers, directors, partnerstrustees, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Memberthe REIT, including the Borrower any of the Mortgaged Properties, their respective Subsidiaries or any Property owned or occupied by any of them and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto the REIT hereunder (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided provided, that the Borrower and the REIT shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, each of the REIT and the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderindemnitee. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Samples: Interim Term Loan Agreement (Apartment Investment & Management Co)
Payment of Expenses. The Borrower agrees agrees
(a) to pay or reimburse the Lender Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, syndication, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Agent, (b) to pay or reimburse each Lender and (ii) the Agent for all their respective costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the non-duplicative allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAgent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, documents and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Agent and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”"indemnitee") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether its Subsidiaries or any Indemnitee is a party thereto of the Properties (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”"indemnified liabilities"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnitee with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities indemnified liabilities resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderindemnitee. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket out‑of‑pocket costs and expenses incurred in connection with the development, preparation preparation, execution and execution administration of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents including, without limitation, the reasonable fees and any other documents prepared expenses of one joint counsel to the Agent in connection herewith or therewith, with this Agreement and the consummation other Loan Documents, (b) to pay or reimburse each Lender and administration of the transactions contemplated hereby and thereby (including the reasonable Administrative Agent for all its out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, Agreement or the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwiseincluding, including without limitation, the fees and disbursements of one joint counsel (including the allocated fees and disbursements and other charges of in-house and, if required, one regulatory counsel) to the LenderLenders and the Administrative Agent (each such counsel to be reasonably acceptable to the Administrative Agent), provided that, notwithstanding the foregoing, the Borrower agrees to pay or reimburse the fees and disbursements of separate counsel to any Lender or the Administrative Agent to the extent of any conflict of interest among the Lenders or between the Lenders and the Administrative Agent, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, documents and (cd) to pay, indemnify or reimburse the indemnify, and hold each Agent, Lender, its affiliatesand each of their respective Affiliates, and its and their respective officers, directors, partnersofficers, employees, advisors, agents, controlling persons affiliates and trustees agents (each, an “Indemniteeindemnified person”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any execution, delivery, enforcement, performance and administration of this Agreement and the other Loan Party arising out of, in connection with, or as a result of, Documents and the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnified person with respect to Indemnified Liabilities indemnified liabilities that are found by a final and non-appealable decision of a court of competent jurisdiction to the extent such Indemnified Liabilities have resulted from the gross negligence or willful misconduct ofof such indemnified person, in each case as determined from the breach by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any indemnified person of its affiliates Contractual Obligations to the Borrower or its from negotiated settlements of pending or their respective officers, directors, partners, employees, agents or controlling personsthreatened legal actions entered into by such indemnified person without the Borrower’s consent. No Indemnitee indemnified person referred to above shall be liable for any damages arising from the unauthorized use by unauthorized persons recipients of any information or other materials sent 41 distributed to such recipients by such indemnified person through electronic, electronic telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with this Agreement or the Loansother Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such indemnified person as determined by a court of competent jurisdiction in a final and non-appealable decision. Without limiting Notwithstanding the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees this Section 9.5 shall not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery apply with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind taxes other than any taxes that represent losses or nature, under or related to Environmental Laws, that damages arising from any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereundernon-tax claim.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Southern California Edison Co)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents and the Arranger for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Administrative Agent, (b) to pay or reimburse each Lender), the Issuing Lender, the Agents and (ii) the Arranger for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the Agents, the Issuing Lender, and the Arranger, (bc) to pay, indemnify, or reimburse and hold each Lender, the Lender forIssuing Lender, and hold the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliatesthe Agents, the Issuing Lender and its the Arranger and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Properties (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderindemnitee. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees Borrowers jointly and severally agree -------------------
(a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members but including fees payable in connection with the use of IntraLinks) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Agents, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-in- house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise (other than excise taxes imposed in lieu of income taxes) and other similar taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and ---------- all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the 135 foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of either Borrower any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements of legal counsel in connection with successful claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the either Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “"Indemnified ----------- Liabilities”"), provided provided, that the Borrower Borrowers shall have no obligation hereunder ----------- -------- to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined (i) are found by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising jurisdiction to have resulted from the use by unauthorized persons gross negligence or willful misconduct of information such Indemnitee or other materials sent through electronic(ii) arise from disputes among the Agents, telecommunications among the Lenders or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with between the LoansAgents and the Lenders. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the each Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. No indemnified person shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Facilities. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower Borrowers pursuant to this Section 8.5 shall be submitted to the Treasurer Borrowers at the address of the U.S. Borrower as set forth in Section 8.215.2, or to such other Person or address as may be hereafter designated by the U.S. Borrower in a written notice to the LenderGeneral Administrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents and the Letter of Credit Issuers for all its (i) their reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Credit Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees, disbursements and expenses other charges of Xxxxxx Xxxxxx & Xxxxxxx LLP and professional fees one counsel in each local jurisdiction, (b) to pay or reimburse each Agent and Letter of the advisors Credit Issuer for all its reasonable and counsel to the Lender), and (ii) documented costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Credit Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and reasonable fees, disbursements and other charges of in-house counsel) counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless each Lender, Agent and Letter of Credit Issuer from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold harmless each Lender, its affiliates, Agent and its Letter of Credit Issuer and their respective officers, directors, partnersofficers, employees, advisorstrustees, agents, controlling persons investment advisors and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless agents from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by whatsoever, including reasonable and documented fees, disbursements and other charges of counsel, with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, the other Credit Documents and any such other Loan Document or any agreement or instrument contemplated hereby or therebydocuments, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable (other than by such indemnified person or any of its Related Parties) or to any actual or alleged presence, release or threatened release of Hazardous Materials involving or attributable to the operations of the Borrower or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions its Subsidiaries or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Real Estate (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee Administrative Agent, any Lender or any Letter of Credit Issuer nor any of their respective Related Parties with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted from attributable to (i) the gross negligence or willful misconduct of, in each case as determined of or any material breach of the Credit Documents by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, the party to be indemnified or any of its affiliates Related Parties or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from (ii) disputes solely among the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable LawAdministrative Agent, the Lenders, the Letter of Credit Issuers and/or their transferees (and not arising out of any act or omission by the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemniteeits Affiliates). All amounts due payable under this Section 8.5 14.5 shall be payable not later than 30 days after written demand therefor. Statements payable paid within ten Business Days of receipt by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set an invoice relating thereto setting forth such expense in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderreasonable retail. The agreements in this Section 8.5 14.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or --------------------------------- reimburse the Lender Issuing Bank and the Administrative Agent for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the facilities herein (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and single counsel to both the Lender)Issuing Bank and the Administrative Agent, (b) to pay or reimburse the Issuing Bank, each Lender and (ii) the Administrative Agent for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the LenderLenders, the Issuing Bank and the Administrative Agent, (bc) to pay, indemnify, or reimburse the Issuing Bank, each Lender and the Administrative Agent for, and hold the Issuing Bank, each Lender and the Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Issuing Bank, each Lender, its the Administrative Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, Administrative Agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out execution, delivery, enforcement, performance and administration of, in connection withand the syndication of commitments under, or as a result of, the execution or delivery of this Agreement, any the other Loan Document Documents and any such other documents or any agreement investigation, litigation or instrument contemplated hereby proceeding relating to or thereby, the performance by the parties hereto or thereto arising out of their respective obligations hereunder or thereunder or the consummation any of the transactions contemplated hereby foregoing (whether or therebynot any Indemnitee is a party thereto), including including, without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and non-appealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to PG&E National Energy Group, Inc. Attention: Accounts Payable (Telephone No. 000-000-0000) (Fax No. 000-000-0000), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent, the Arrangers and the Lead Arranger for all its (i) their reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs and expenses documented fees and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent, the Arrangers and the Lead Arranger and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower at least two Business Days prior to the Closing Date (iiin the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay or reimburse each Lender and the Administrative Agent for all its reasonable and documented costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the reasonable and documented fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliates, and its the Administrative Agent and their respective officers, directors, partnerstrustees, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemniteeindemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by (other than for loss of profits) with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable and documented fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”); provided, provided that the Borrower shall have no obligation hereunder to any Indemnitee indemnitee with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted indemnified liabilities arise from (x) to the gross negligence or willful misconduct of, in each case as determined extent they are found by a final and final, nonappealable decision judgment of a court of competent jurisdiction, the gross negligence or willful misconduct of such Indemniteeindemnitee, (y) to the extent they are found by a final, nonappealable judgment of a court of competent jurisdiction, the breach of an indemnified person’s funding obligations or any other material breach by the relevant indemnitee of its obligations under the Loan Documents or (z) any dispute brought by an indemnitee against any other indemnitee that does not involve an act or omission by the Borrower or any of its affiliates Affiliates (other than any disputes against any indemnitee in its capacity as the Administrative Agent or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansLead Arranger). Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to so waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemniteeindemnitee. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 Article X shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower Each of Holdings and each of the Borrowers agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration 104 of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of Holdings, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document Holdings or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Borrowers hereunder (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided that the provided, neither Holdings nor either Borrower shall have no any obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, Holdings and the Borrower agrees Borrowers agree not to assert and to cause its their respective Subsidiaries not to assert, and hereby waives waive and agrees agree to cause its their respective Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (iib) to pay or reimburse each Lender and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Administrative Agent and their respective officers, directors, partners, employees, advisorsAffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, properties owned by such Group Members and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of, of such Indemnitee or breach in each case as determined by a final and nonappealable decision bad faith of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from ’s obligations under the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansLoan Documents. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waivewaives, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 ten (10) days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to Treasurer (Telephone No. (000) 000-0000; Facsimile No. (000) 000-0000), at the Treasurer address of the Borrower as Xxxxx Limited set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Samples: Credit Agreement (Bunge LTD)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable and documented fees and disbursements of counsel to the Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay or reimburse each Lender and the Administrative Agent for all its reasonable and documented out-of-pocket costs and expenses incurred after the occurrence and professional fees during the continuance of the advisors and counsel to the Lender), and (ii) costs and expenses incurred an Event of Default or in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if anyexpenses, which and liabilities that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Administrative Agent and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee with respect to or asserted against arising out of or in connection with the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents and any such other documents related thereto (regardless of whether any Indemnitee is a party hereto and regardless of whether any such matter is initiated by any a third party or by party, the Borrower or Borrower, any other Loan Party arising out of, in connection with, or as a result of, the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyPerson), including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, Properties and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), ; provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined (i) are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee or (ii) result from a claim brought by the Borrower against an Indemnitee for breach in bad faith of such Indemnitee’s obligations under this Agreement, any but only if Borrower has obtained a final and nonappealable judgment in their favor on such claim as determined by a court of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loanscompetent jurisdiction. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 10.5 shall be submitted to the Treasurer facsimile number and attention of the Borrower as person set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 10.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees agrees:
(a) to pay or reimburse the Lender Administrative Agent, the Issuing Lender, the Arrangers and their respective Affiliates for all its (i) of their reasonable out-of-pocket costs and expenses incurred in connection with the developmentpreparation, preparation execution and execution delivery of, and any amendment, supplement or modification to, or any waiver of, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby thereby, including the reasonable fees and disbursements (including filing and recording fees and expenses) of counsel to the Administrative Agent, the Arrangers and the Lenders (which shall be limited to one counsel, FCC counsel and, if necessary, one local counsel in any relevant jurisdiction and expenses attributable to processing primary assignments and, solely in case of any actual or perceived conflict of interest, one additional counsel to the affected Lenders taken as a whole);
(b) to pay or reimburse the Lenders and the Administrative Agent for all their reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreementwith, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any Administrative Agent and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (c) to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee Lenders harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, of or in connection with, the enforcement or preservation of any rights under any Loan Document and any such other documents or any workout or restructuring of the Loan Documents, limited to out-of-pocket costs, fees, disbursements and other charges of one counsel, FCC counsel and one local counsel in any relevant jurisdiction for the Administrative Agent and the Lenders taken as a result ofwhole (and, solely in case of any actual or perceived conflict of interest, one additional counsel to the execution or delivery of affected Lenders taken as a whole) incurred in connection with the foregoing and in connection with advising the Administrative Agent with respect to its rights and responsibilities under this Agreement, any the other Loan Document Documents and the documentation relating thereto.
(c) to pay, indemnify, and to hold the Administrative Agent and each Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any agreement delay in paying similar fees, if any, which may be payable or instrument contemplated hereby determined to be payable in connection with the execution and delivery of, or thereby, the performance by the parties hereto or thereto consummation of their respective obligations hereunder or thereunder or the consummation any of the transactions contemplated hereby by, or therebyany amendment, supplement or modification of, or any waiver or consent under or in respect of, any Loan Document and any such other documents; and
(d) to pay, indemnify, and hold the Administrative Agent, each Arranger, the Issuing Lender and each Lender and their respective officers, directors, employees, affiliates, advisors, controlling persons and agents (each an “Indemnitee”) harmless from and against any and all other liabilities, obligations, losses, damages (including punitive damages), penalties, fines, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (including reasonable experts’ and consultants’ fees and limited to reasonable fees and disbursements of one counsel, one FCC counsel and, if necessary, one local counsel in each appropriate jurisdiction, in each case for all Indemnitees taken as a whole (and, solely in the foregoing relating case of any actual or perceived conflict of interest where the Indemnitee affected by such conflict of interest informs the Borrower of such conflict and thereafter retains its own counsel, of another firm of counsel for such affected Indemnitee) and third party claims for personal injury or real or personal property damage) which may be incurred by or asserted against the Administrative Agent, any Arranger or any Lender (x) arising out of or in connection with any investigation, litigation or proceeding related to this Agreement, the use other Loan Documents, the Loans, the actual or proposed use of proceeds of the Loans Loans, or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Propertiesother transactions contemplated hereby or thereby, whether or not the Administrative Agent, any Arranger or any of the Lenders is a party thereto, (y) with respect to any environmental matters, any environmental compliance expenses and the reasonable fees and remediation expenses of legal counsel in connection with claimsthe presence, actions suspected presence, release or proceedings by suspected release of any Indemnitee against any Loan Party under any Loan Document Materials of Environmental Concern in or into the air, soil, groundwater, surface water or improvements at, on, about, under, or within the Properties, or any actual portion thereof, or prospective claimelsewhere in connection with the transportation of Materials of Environmental Concern to or from the Properties, litigationin each case to the extent required under Environmental Laws, investigation or proceeding relating to any (z) without limiting the generality of the foregoing, whether based on contractby reason of or in connection with the execution, tort performance, delivery, enforcement or administration, of this Agreement, the other Credit Agreement and any such other theorydocuments, whether brought by any third party or by the Borrower transfer of, or any other Loan Partypayment or failure to make payments under, and regardless Letters of whether any Indemnitee is a party thereto Credit (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee (x) with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities resulted they are found by a final, non-appealable judgment of a court to arise from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdictionor material breach by, such Indemnitee, (y) under this subsection 11.5 for any taxes other than Other Taxes or taxes derived from a non-tax claim or (z) with respect to indemnified liabilities arising out of a dispute solely between Indemnified Parties not involving an act or omission by the Borrower or any of its affiliates Affiliates (other than any such indemnified liabilities asserted against any Indemnitee in its capacity, or in fulfilling its role, as an agent or their respective officers, directors, partners, employees, agents Arranger or controlling persons. No Indemnitee shall be liable similar role for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for Facility (including any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeIncremental Facility)). All amounts due under this Section 8.5 subsection 11.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 subsection 11.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) (x) to pay or reimburse the Lender Administrative Agent (and its Agent-Related Persons), the Collateral Agent (and its Agent-Related Persons), the Escrow Agent and the Lenders (including the Fronting Lender) for all its (i) their reasonable and documented out-of-pocket costs costs, fees and expenses incurred in connection with the syndication of the Revolving Credit Facility (other than out-of-pocket costs, fees and expenses payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including which, in the case of legal fees and disbursements, shall be limited to the reasonable and documented fees and disbursements of one firm of counsel to the Administrative Agent and the Collateral Agent (and of a single local counsel in each relevant jurisdiction material to the interests of the Administrative Agent and the Collateral Agent (which may be a single local counsel acting in multiple material jurisdictions)) and one firm of counsel for the Lenders taken as a whole (and, by a single firm of local counsel in each appropriate local jurisdiction for the Lenders and, solely if representation by a single counsel in such local jurisdiction would be inappropriate based on the advice of legal counsel due to the existence of an actual conflict of interest, one additional outside counsel to all such Persons subject to such conflict, taken as a whole) and the charges of Intralinks, (y) to pay or reimburse each Lender, the Escrow Agent, the Administrative Agent and the Collateral Agent, for all their reasonable and documented out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith (which, in respect the case of any Event of Default or otherwiselegal fees and disbursements, including shall be limited to the reasonable and documented fees and disbursements of one firm of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, Administrative Agent and the Collateral Agent (b) and of a single local counsel in each relevant jurisdiction material to pay, indemnify, or reimburse the Lender for, interests of the Administrative Agent and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, Collateral Agent (which may be a single local counsel acting in multiple material jurisdictions)) and one firm of counsel for the Lenders taken as a whole (and, by a single firm of local counsel in each appropriate local jurisdiction for the Lenders and, solely if representation by a single counsel in such local jurisdiction would be inappropriate based on the advice of legal counsel due to the existence of an actual conflict of interest, one additional outside counsel to all such Persons subject to such conflict, taken as a whole)) and (z) without duplication of the requirement to pay the fees and expenses of the Lenders pursuant to clause (a)(y) or (x) above, to pay in full in cash all reasonable and documented out-of-pocket fees and expenses payable or determined to be payable Xxxxxx, Xxxx & Xxxxxxxx LLP, as legal counsel to the ad hoc group of Lenders represented by the Specified Lender Advisors, in connection with the syndication, negotiation, documentation, execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, Agreement and the other Loan Documents and any such amendments, restatements, supplements or other documentsmodifications thereto from time to time, and (cb) to pay, indemnify or reimburse each Lender (including the Fronting Lender), its the Administrative Agent, the Collateral Agent, the Escrow Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agentsagents and controlling persons, controlling persons and trustees including each Specified Lender Advisors (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any of the foregoing relating to Loan or the use or proposed use of the proceeds of the Loans thereof, (iii) any actual or the violation alleged presence or release of, noncompliance with or liability underexposure to, any Materials of Environmental Concern, any failure to comply with Environmental Law applicable or any claim, litigation, investigation or proceeding pursuant to Environmental Law relating to any Materials of Environmental Concern related in any way to the operations Borrower or assets of any Group Member, including any of the Mortgaged Propertiesits Subsidiaries or any or of their respective properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, and whether or not such claim, litigation, investigation or proceeding are brought by any third party or by the Borrower Borrower, its equity holders, affiliates, creditors or any other Loan Party, person and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cb), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities (i) to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee, (ii) arising from a material breach of such Indemnitee’s obligations hereunder, as finally determined by a court of competent jurisdiction in a final, nonappealable judgment or (iii) arising from any claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission or the Borrower or any of its affiliates and that is brought by an Indemnitee against any other Indemnitee (other than any claim, actions, suits, inquiries, litigation, investigation or proceeding against the Administrative Agent or the Collateral Agent in its capacity as such), and provided, further, this Section 10.5 shall not apply with respect to Taxes other than any Taxes expressly referenced in this Section 10.5 or their respective officersthat represent losses or damages arising from non-Tax claim. Each Indemnitee shall be obligated to refund or return any and all amounts paid by any Borrower pursuant to this Section 10.5 to such Indemnitee for any fees, directorsexpenses, partnersor damages to the extent such Indemnitee is not entitled to payment of such amounts in accordance with the terms hereof. The Borrower acknowledges that information and documents relating to the Facilities may be transmitted through a Platform, employeesand, agents notwithstanding anything herein to the contrary, that neither the Administrative Agent nor the Collateral Agent is responsible for approving or controlling persons. No vetting the representatives or contacts of any Lender that are added to any such Platform and that no Indemnitee shall be liable for any damages arising from the unauthorized use by unauthorized persons others of information or other materials sent through electronicdocuments occurring as a result of such information or documents being transmitted in such manner unless resulting from such Indemnitee’s gross negligence, telecommunications bad faith or other information transmission systems that are intercepted by such persons or willful misconduct, and neither the Borrower nor any Indemnitee shall be liable for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. The Borrower shall have the right to undertake, conduct and control through counsel of its own choosing (which counsel shall be acceptable to the applicable Indemnitee acting reasonably), the conduct and settlement of claims with respect to the related Indemnified Liabilities, and such Indemnitee shall cooperate with the Borrower in connection therewith; provided that the Borrower shall permit such Indemnitee to participate in such conduct and settlement through counsel chosen by such Indemnitee. Notwithstanding the foregoing, each Indemnitee shall have the right to employ its own counsel if such Indemnitee reasonably determines that (i) the Borrower’s counsel is not defending any claim or proceeding in a manner reasonably acceptable to such Indemnitee or (ii) the interest of the Borrower and such Indemnitee have become adverse in any such claim or cause of action, provided, however, that in any event, the Borrower shall only be liable for the reasonable and documented out-of-pocket legal expenses of one counsel for all such Indemnitees, taken as a whole. If clause (ii) of the immediately preceding sentence is applicable, at the option of the applicable Indemnitee, its attorneys shall control the resolution of any such claim with respect to the related Indemnified Liabilities. The Borrower shall not, without the prior written consent of each Indemnitee affected thereby, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification may be sought hereunder (whether or not such Indemnitee is an actual or potential party to such action or claim) unless such settlement, compromise or judgment (a) includes an unconditional release of such Indemnitee from all liability arising out of such action or claim, (b) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of such Indemnitee and (c) does not require such Indemnitee to pay any form of consideration to any party or parties (including, without limitation, the payment of money) in connection therewith. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeIndemnitee until all Obligations (other than indemnity obligations that survive the termination of this Agreement and for which no notice of a claim has been received by the Borrower as of such termination) have been paid in full and all Revolving Credit Commitments have terminated or expired. All amounts due under this Section 8.5 shall be payable not later than 30 days (x) after written demand therefor. Statements payable by thereof, in the Borrower pursuant to this Section 8.5 shall be submitted to case of any indemnification obligations and (y) in the Treasurer case of the Borrower as set reimbursement of costs and expenses, after receipt of an invoice relating thereto, setting forth such expenses in Section 8.2, or to reasonable detail and together with backup documentation supporting such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderreimbursement requests. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder. This paragraph shall not apply with respect to Taxes other than any Taxes that represent losses, claims or damages arising from any non-Tax claim.
Appears in 1 contract
Samples: Revolving Credit Agreement (National CineMedia, Inc.)
Payment of Expenses. The Borrower agrees Borrowers agree
(a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Agents, (b) to pay or reimburse each Lender and (ii) the Agents for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the 101 allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Agents and their respective affiliates and their respective officers, directors, partnerstrustees, employees, advisors, agents, controlling persons and trustees advisors (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrowers or assets any of any Group Member, including their Subsidiaries or any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Borrowers hereunder (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"), provided provided, that the Borrower Borrowers shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee or any such other Person which is an officer, director, trustee, employee, agent, controlling person or advisor of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees Borrowers agree not to assert and to cause its their Subsidiaries not to assert, and hereby waives and agrees to cause its their Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Arrangers and the Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Administrative Agent and the charges of IntraLinks, (b) to pay or reimburse each Lender), the Arrangers and (ii) the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this AgreementAgreement (including the administration costs associated with such enforcement or preservation), the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender to the LenderArrangers and the Administrative Agent and the charges of IntraLinks; provided that if no Default or Event of Default exists, such reimbursement for legal fees shall be limited to the fees and disbursements of one primary counsel plus the fees and disbursements of any local and specialist counsel engaged by the Administrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender, the Lender Arrangers and the Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its each Arranger, each Agent, their respective affiliates, and its and their respective officers, directors, partners, trustees, employees, affiliates, shareholders, attorneys and other advisors, agents, attorneys-in-fact and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee with respect to or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out ofof the execution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or Letters of Credit, any transactions contemplated thereby, the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Loan Party or any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions Properties or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (c), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages and the fees and disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against the LoansBorrower hereunder (all the foregoing in this clause (d), collectively, the "Indemnified Liabilities"), provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted solely and proximately from the gross negligence or willful misconduct of such Indemnitee in breach of a duty owed to the Borrower. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower (i) WTI agrees not to assert and to cause its Subsidiaries (including any Securitization Subsidiaries) not to assert, and hereby waives and agrees to cause its Subsidiaries (including any Securitization Subsidiaries) so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee and (ii) no Loan Party shall assert, and each of WTI, LP and the Borrower hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, any Loan Document or any agreement, instrument or transaction contemplated hereby or thereby. All amounts due under this Section 8.5 shall be payable not later than 30 five days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in accordance with Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and Letters of Credit and all other amounts payable hereunder.
Appears in 1 contract
Samples: Credit Agreement (Worldspan L P)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Lender)Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacilities. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to Xxxxx Xxxxx (Telephone No. (000) 000-0000) (Fax No. (000) 000-0000), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation preparation, execution and execution administration of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents including, without limitation, the reasonable fees and any other documents prepared expenses of one joint counsel to the Agents in connection herewith or therewith, with this Agreement and the consummation other Loan Documents, (b) to pay or reimburse each Lender and administration of the transactions contemplated hereby and thereby (including the reasonable Administrative Agent for all its out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, Agreement or the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwiseincluding, including without limitation, the fees and disbursements of one joint counsel (including the allocated fees and disbursements and other charges of in-house and, if required, one regulatory counsel) to the LenderLenders and the Administrative Agent (each such counsel to be reasonably acceptable to the Administrative Agent), provided that, notwithstanding the foregoing, the Borrower agrees to pay or reimburse the fees and disbursements of separate counsel to any Lender or the Administrative Agent to the extent of any conflict of interest among Active.40134080.7 the Lenders or between the Lenders and the Administrative Agent, (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, documents and (cd) to pay, indemnify or reimburse the indemnify, and hold each Agent, each Arranger, each Lender, its affiliatesand each of their respective Affiliates, and its and their respective officers, directors, partnersofficers, employees, advisors, agents, controlling persons affiliates and trustees agents (each, an “Indemniteeindemnified person”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any execution, delivery, enforcement, performance and administration of this Agreement and the other Loan Party arising out of, in connection with, or as a result of, Documents and the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilitiesindemnified liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnified person with respect to Indemnified Liabilities indemnified liabilities that are found by a final and non-appealable decision of a court of competent jurisdiction to the extent such Indemnified Liabilities have resulted from the gross negligence or willful misconduct ofof such indemnified person, in each case as determined from the breach by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any indemnified person of its affiliates Contractual Obligations to the Borrower or its from negotiated settlements of pending or their respective officers, directors, partners, employees, agents or controlling personsthreatened legal actions entered into by such indemnified person without the Borrower’s consent. No Indemnitee indemnified person referred to above shall be liable for any damages arising from the unauthorized use by unauthorized persons recipients of any information or other materials sent distributed to such recipients by such indemnified person through electronic, electronic telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with this Agreement or the Loansother Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such indemnified person as determined by a court of competent jurisdiction in a final and non-appealable decision. Without limiting Notwithstanding the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees this Section 9.5 shall not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery apply with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind taxes other than any taxes that represent losses or nature, under or related to Environmental Laws, that damages arising from any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereundernon-tax claim.
Appears in 1 contract
Samples: Term Loan Credit Agreement (SOUTHERN CALIFORNIA EDISON Co)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including the reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, whether or not suit be brought, and in all appeals and bankruptcy proceedings, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (c) to pay, indemnify or reimburse the Lender, its respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"); provided, provided however, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under arising from the use by unauthorized Persons of information or related to Environmental Lawsother materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such Persons, or in connection with the Lender Accommodation Obligations, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer address of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Revolving Credit Facility and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and one counsel to the Lender)Administrative Agent in each applicable jurisdiction and the charges of Intralinks, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees to each Lender and disbursements and other charges of in-house counsel) counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, (x) any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, documents and (cy) any and all currency exchange out-of-pocket costs, fees and expenses sustained in connection with any conversion of Obligations, fees, payments or any other amounts payable hereunder to such Revolving Credit Lender or Agent, as applicable, from any currency other than Dollars to Dollars, (d) to pay, indemnify indemnify, or reimburse the each Lender, its affiliatesthe Agents, and its their respective Affiliates, and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group MemberParent, including any of its Subsidiaries (including (x) the Mortgaged PropertiesSecuritization Manager and, if any, the subsidiary acting in a capacity analogous to the Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) or any property at any time owned, leased, or in any way used by Parent, any Subsidiary of Parent (including (x) the Securitization Manager and, if any, the subsidiary acting in a capacity analogous to the Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) or any other entity for which Parent or any of its Subsidiaries (including the Securitization Manager and, if any, the subsidiary acting in a capacity analogous to (x) the Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) is alleged to be responsible, and the reasonable fees and expenses disbursements and other charges of legal counsel (but limited to the attorneys’ fees of one outside counsel to all Indemnitees taken as a whole and one local counsel to all Indemnitees taken as a whole in each relevant jurisdiction (which may include a single counsel acting in multiple jurisdictions) (and, solely in the case of an actual or perceived conflict of interest where the Indemnitee affected by such conflict of interest has informed Xxxxxxxx in writing of such conflict and thereafter retains its own counsel, one additional counsel in each relevant jurisdiction to each group of Indemnitees similarly situated taken as a whole, and, in all cases excluding, for the avoidance of doubt, the allocated costs of internal counsel)) in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under hereunder and (e) to pay, indemnify, or reimburse the Administrative Agent and its Affiliates, and their respective officers, directors, trustees, employees, advisors, agents and controlling persons (each, an “Administrative Agent Indemnitee”) for, and hold each Administrative Agent Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the matters referred to in the payoff letter from the Borrower to Toronto Dominion (Texas) LLC, dated February 11, 2010, and the fees and disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Administrative Agent Indemnitee against any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Party hereunder (all the foregoing in this clause clauses (cd) and (e), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined (i) are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from (x) the bad faith, gross negligence or willful misconduct of such Indemnitee, any Indemnitee or (y) a material breach by such Indemnitee of its affiliates material obligations under this Agreement or the other Loan Documents or (ii) arise from any dispute solely among Indemnitees other than any claims against any Indemnitee in its capacity or in fulfilling its role as an Agent, an Arranger or any similar role under this Agreement and the other Loan Documents and other than any claims involving any act or omission on the part of the Borrower or its or their respective officers, directors, partners, employees, agents or controlling personsSubsidiaries. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or persons, and neither the Borrower, any other Loan Party nor any Indemnitee shall be liable for any special, indirect, consequential or punitive damages in connection with the Loanscredit facilities established hereunder or the transactions related hereto; provided that, this sentence shall not relieve the Borrower of any obligation it may have to indemnify an Indemnitee against special, indirect, consequential or punitive damages asserted against such Indemnitee. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries (including (x) the Securitization Manager and, if any, the subsidiary acting in a capacity analogous to the Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) not to assert, and hereby waives and agrees to cause its Subsidiaries (including (x) the Securitization Manager and, if any, the subsidiary acting in a capacity analogous to the Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Samples: 2018 Refinancing Amendment (Sba Communications Corp)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents and the Lenders for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent, (b) to pay or reimburse each Lender and (ii) the Agents for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the reasonable fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Pre-Petition Lender, its affiliatesthe Pre-Petition Agent, each Lender and its the Agents and their respective officers, directors, partnerstrustees, investment advisors, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”"indemnitee") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by whatsoever, including in each case the Borrower or any reasonable fees and out-of-pocket disbursements of Messrs. Xxxxxxx and Xxxxxx and other Loan Party arising out ofcounsel to the Agents and the Lenders, in connection withwith respect to the execution, or as a result ofdelivery, the execution or delivery enforcement, performance and administration of this Agreement, the other Loan Documents, the Pre-Petition Loan Documents and any such other documents, and any investigation, litigation or other proceeding (whether or not any indemnitee is a party thereto) related to the entering into or performance of any Loan Document or Pre-Petition Loan Documents or any of the Financing Orders or the use, or proposed use, of the proceeds of any credit extended hereunder or under the Pre-Petition Loan Documents or the consummation of any transactions contemplated in any Loan Document or an Pre-Petition Loan Document or any agreement or instrument contemplated hereby or thereby, of the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder Financing Orders or the consummation of relationship between (w) the transactions contemplated hereby or therebyPre-Petition Lenders and the Borrower, including (x) the Pre- Petition Lenders and the Guarantors, (y) the Lenders and the Borrower, and (z) the Lenders and the Guarantors, including, without limitation, any of the foregoing relating to the use use, or proposed use use, of proceeds of the Loans any credit extended hereunder or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether its Subsidiaries or any Indemnitee is a party thereto of the Properties (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”"indemnified liabilities"), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee indemnitee with respect to Indemnified Liabilities indemnified liabilities to the extent such Indemnified Liabilities indemnified liabilities resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loansindemnitee. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to hereby waives, and shall cause each of its Subsidiaries not to assert, assert and hereby waives and agrees to cause its Subsidiaries to waive, all rights for of contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under Without limiting the generality of the foregoing, such expenses, costs, charges and fees may include: paralegal fees, costs and expenses; accountants' and investment bankers' fees, costs and expenses; court costs and expenses; photocopying and duplicating expenses; court reporter fees, costs and expenses; long distance telephone charges; air express charges; telegram charges; secretarial overtime charges; and expenses for travel, lodging and food paid or incurred in connection with the performance of such services. The Borrower shall pay the expenses, costs, charges and fees called for this Section 8.5 at the Maturity Date or upon receipt of an invoice for the same. All of the foregoing costs and expenses shall be payable not later than 30 days after written demand therefor. Statements payable additional Post-Petition Obligations secured by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderCollateral. The agreements in this Section 8.5 12.5 shall survive repayment of the Loans and all other amounts payable hereunderhereunder and the termination of the DIP Commitments.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent, the Syndication Agents and the Arrangers for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facility (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and one counsel to the LenderAdministrative Agent (and of such other counsel in the event of a conflict) and, if reasonably necessary, one local counsel in any relevant jurisdiction and the charges of Intralinks (whether or not the transaction contemplated hereby or thereby shall be consummated), (b) to pay or reimburse each Lender and (ii) the Administrative Agent for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated reasonable fees and disbursements and other charges of in-house counsel) one counsel to the LenderAdministrative Agent and the other Lenders and, if reasonably necessary, one local counsel in any relevant jurisdiction (and of such other counsel in the event of a conflict), (bc) to pay, indemnify, or reimburse each Lender and the Lender Administrative Agent for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its the Administrative Agent, the Syndication Agents, the Arrangers, the Collateral Agent and their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, partners, members, sub-agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of, of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including (ii) any Loan or Letter of the foregoing relating to Credit or the use or proposed use of the proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, thereof (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit if the Mortgaged Properties, and the reasonable fees and expenses of legal counsel documents presented in connection with claimssuch demand do not strictly comply with the terms of such Letter of Credit), actions (iii) any actual or proceedings alleged presence or release of Materials of Environmental Concern on or from any property owned, occupied or operated by the Borrower or any Indemnitee against of its Subsidiaries, or any Loan Party under Environmental Liability related in any Loan Document way to the Borrower or any of its Subsidiaries or any of their respective properties, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto and whether brought by the Borrower, any other Loan Party, any of their respective affiliates or any other person or entity (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansFacility. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Samples: Revolving Credit Agreement (Iconix Brand Group, Inc.)
Payment of Expenses. The Company and the applicable Borrower agrees agree (a) to pay or reimburse reimburse, each Issuing Lender, the Swingline Lender and the Administrative Agent for all its (i) reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable fees and disbursements of outside counsel to the Administrative Agent and Lenders and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrowers prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from 105 time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay or reimburse each Lender, each Issuing Lender, the Swingline Lender and the Administrative Agent for all its reasonable and documented out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of outside counsel provided that such outside counsel shall be limited (including except with the allocated fees and disbursements and other charges of in-house counselCompany’s consent (such consent not to be unreasonable withheld, conditioned or delayed)) to one lead counsel and one local counsel in each applicable jurisdiction material to their interests for both the LenderAdministrative Agent and the Lenders and, in the case of a conflict of interest, one additional separate counsel for each group of similarly affected parties after notice to the Company, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender, the Issuing Lenders, the Swingline Lender and the Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect topresent of future stamp, court, or resulting from any delay in paying such feesdocumentary, intangible, recording, filing or similar Taxes, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, Agreement and the other Loan Documents and (except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other documentsthan an assignment made pursuant to Section 2.22)), and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its the Issuing Lenders, the Swingline Lender and the Administrative Agent, their respective affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, advisors and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, the other Loan Documents and any such other documents, including any claim, litigation, investigation or proceeding regardless of whether any Indemnitee is a party thereto and whether or not the same are brought by the Borrower, its equity holders, affiliates or creditors or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyPerson, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or Letters of Credit (including any refusal by an Issuing Lender to honor a demand for payment under a Letter of Credit if the violation ofdocuments presented in connection with such demand do not strictly comply with the terms of such Letter of Credit) or any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by any Borrower or any of its Subsidiaries, noncompliance with or liability under, any Environmental Law applicable Liability related in any way to the operations any Borrower or assets of any Group Member, including any of the Mortgaged Properties, its Subsidiaries and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower Borrowers shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities (i) to the extent such Indemnified Liabilities are found by a final and non-appealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, Indemnitee or any of its affiliates Affiliates or (ii) that result from any proceeding solely among Indemnitees that does not involve an act or omission by the Company, the other Borrowers or any of their Subsidiaries (other than a proceeding that is brought against the Administrative Agent, any Co-Syndication Agent, or any Lead-Arranger in its capacity as such or their respective officersin fulfilling its roles as an agent or arranger hereunder or any similar role with respect to the Indebtedness incurred or to be incurred hereunder) to the extent that none of the exceptions set forth in clause (i) of this proviso applies to such Person at such time; and provided, directorsfurther, partners, employees, agents that this Section 10.05(d) shall not apply with respect to Taxes other than any Taxes that represent losses or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loansnon-Tax claim. Without limiting the foregoing, and to the extent permitted by Applicable applicable Law, the Borrower agrees Borrowers agree not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 No Indemnitee shall be payable not later than 30 days after written demand therefor. Statements payable liable for any damages arising from the use by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer others of the Borrower as set forth in Section 8.2information or other materials obtained through electronic, telecommunications or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.information transmission systems,
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent, the Collateral Agent, the Joint Bookrunners and the Joint Lead Arrangers for all its (i) their reasonable out-of-out of pocket costs and expenses incurred in connection with the syndication of the Credit Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and counsel to the Administrative Agent and the charges of IntraLinks, (b) to pay or reimburse each Lender), the Joint Bookrunners, the Collateral Agent and (ii) the Administrative Agent for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees to each Lender and disbursements and other charges of in-house counsel) counsel to the LenderAdministrative Agent and Collateral Agent, (bc) to pay, indemnify, or reimburse each Lender, the Lender Collateral Agent and the Administrative Agent for, and hold each Lender, the Lender Collateral Agent and the Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the each Lender, its affiliatesthe Administrative Agent, the Collateral Agent, the Joint Bookrunners and its the Joint Lead Arrangers and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees Related Parties (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losseslosses (other than loss profit), damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, the other Loan Documents and any other Loan Document or any agreement or instrument contemplated hereby or therebydocuments, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower or assets of any Group Member, including any of its Subsidiaries, or to any Property now or previously owned or operated by any of them, includ- ing the Mortgaged Propertiespresence or Release of Materials of Environmental Concern at, on, in, under or emanating from any and all such Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided that that, in each case, the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from (A) the bad faith, gross negligence or willful misconduct of such IndemniteeIndemnitee and/or its Related Parties, (B) a dispute arising solely among Indemnitees and not arising from an act or omission of the Borrower or any of its affiliates Subsidiaries or (C) a material breach by such Indemnitee and/or its Related Parties of its obligations hereunder, provided that the Borrower shall not be required to reimburse the legal fees and expenses of more than one primary outside counsel and reasonably necessary local and specialty counsel for all Indemnitees with respect to any matter for which indemnification is sought unless, as reasonably determined by such Indemnitee’s counsel, representation of all such Indemnitees would create an actual or potential conflict of interest. The Borrower shall not be required to indemnify any Indemnitee for any Indemnified Liabilities paid or payable by such Indemnitee in, or resulting from, the settlement of any action, proceeding or investigation without the written consent of the Borrower, which consent shall not be unreasonably withheld or delayed; provided that the foregoing indemnity shall apply to any such settlement in the event that the Borrower was offered the ability to assume the defense of the action that was the subject matter of such settlement and elected not to assume. No party hereto or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee Related Parties shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansCredit Facilities. Without limiting the foregoingExcept as otherwise provided herein, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Samples: Credit Agreement (Local Insight Yellow Pages, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Issuing Bank and the Administrative Agent for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the facilities herein (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and single counsel to both the Lender)Issuing Bank and the Administrative Agent, (b) to pay or reimburse the Issuing Bank, each Lender and (ii) the Administrative Agent for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the LenderLenders, the Issuing Bank and the Administrative Agent, (bc) to pay, indemnify, or reimburse the Issuing Bank, each Lender and the Administrative Agent for, and hold the Issuing Bank, each Lender and the Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Issuing Bank, each Lender, its the Administrative Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, Administrative Agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out execution, delivery, enforcement, performance and administration of, in connection withand the syndication of commitments under, or as a result of, the execution or delivery of this Agreement, any the other Loan Document Documents and any such other documents or any agreement investigation, litigation or instrument contemplated hereby proceeding relating to or thereby, the performance by the parties hereto or thereto arising out of their respective obligations hereunder or thereunder or the consummation any of the transactions contemplated hereby foregoing (whether or therebynot any Indemnitee is a party thereto), including including, without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and non-appealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to PG&E National Energy Group, Inc. Attention: Accounts Payable (Telephone No. 300-000-0000) (Fax No. 300-000-0000), at the Treasurer address of the Borrower as set forth in Section 8.29.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent and its Affiliates (without duplication) for all its (i) of their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, the syndication of the credit facilities provided for herein and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (iib) to pay or reimburse each Lender and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated reasonable fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other similar Taxes, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Administrative Agent and their respective officers, directors, partners, employees, advisorsAffiliates, agents, advisors and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Properties, Properties and the reasonable fees and expenses of legal counsel (limited to not more than one counsel, plus, if necessary, one local counsel per jurisdiction (unless a conflict exists, in which case the reasonable fees and expenses of one additional legal counsel (plus one local counsel per jurisdiction, if necessary) for each group of affected Lenders that is, as among themselves, not conflicted, shall be covered) and except for allocated costs of in-house counsel) in connection with such claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided regardless of whether any Indemnitee is a party thereto, provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower Guarantor agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 10.5 shall be payable not later than 30 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 10.5 shall be submitted to the Treasurer attention of the General Counsel of the Borrower as (Telephone No. 000-000-0000) (Telecopy No. 212-444-6494) with a copy to the attention of the Chief Financial Officer of the Borrower (Telephone No. 000-000-0000) (Telecopy No. 212-444-4151), both at the address of the Borrower set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 10.5 shall survive the termination of this Agreement and the repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Samples: Credit Agreement (Investment Technology Group, Inc.)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents and the Arranger for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Agents, (b) to pay or reimburse each Lender and (ii) each Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender, each Agent and the Lender Arranger harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the indemnify, and hold each Lender, its affiliates, each Agent and its the Arranger and their respective officers, directors, partners, employees, advisorsaffiliates, agents, agents and controlling persons and trustees (each, an “Indemnitee”"INDEMNITEE") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Properties (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”"INDEMNIFIED LIABILITIES"), provided PROVIDED, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and nonappealable decision of a court of competent jurisdiction, jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lenderindemnitee. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Samples: Credit Agreement (Cumulus Media Inc)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, modifications to this Agreement and the other Loan Documents Note and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwise, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to the Lender, (b) to pay, indemnify, or reimburse the Lender for, and hold the Lender harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents Note and any such other documents, and (c) to pay, indemnify or reimburse the Lender, its affiliates, and its and their respective officers, directors, partners, employees, advisors, agents, controlling persons and trustees (each, an “Indemnitee”) forindemnify, and hold each Indemnitee the Lender harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, actions judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, the Note and any such other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including any of the Mortgaged Properties, and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto documents (all the foregoing in this clause (c), collectively, the “"Indemnified Liabilities”"), provided that the Borrower shall have no obligation hereunder to any Indemnitee the Lender with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted arising from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee, any of its affiliates or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the Loans. Without limiting the foregoing, and to the extent permitted by Applicable Law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Lender. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Samples: Unsecured Revolving Credit Agreement (Homeside Lending Inc)
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Agents for all its (i) their reasonable out-of-pocket out‑of‑pocket costs and expenses incurred in connection with the syndication of the Revolving Credit Facility and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable out-of-pocket costs fees and expenses disbursements and professional fees other charges of the advisors and one counsel to the Lender)Administrative Agent in each applicable jurisdiction and the charges of Intralinks, (b) to pay or reimburse each Lender and (ii) the Agents for all their costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees to each Lender and disbursements and other charges of in-house counsel) counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, (x) any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such feespaying, stamp, excise and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, documents and (cy) any and all currency exchange out-of-pocket costs, fees and expenses sustained in connection with any conversion of Obligations, fees, payments or any other amounts payable hereunder to such Revolving Credit Lender or Agent, as applicable, from any currency other than Dollars to Dollars, (d) to pay, indemnify indemnify, or reimburse the each Lender, its affiliatesthe Agents, and its their respective Affiliates, and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group MemberParent, including any of its Subsidiaries (including (x) the Mortgaged PropertiesSecuritization Manager and, if any, the subsidiary acting in a capacity analogous to the Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) or any property at any time owned, leased, or in any way used by Parent, any Subsidiary of Parent (including (x) the Securitization Manager and, if any, the subsidiary acting in a capacity analogous to the Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) or any other entity for which Parent or any of its Subsidiaries (including the Securitization Manager and, if any, the subsidiary acting in a capacity analogous to (x) the Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) is alleged to be responsible, and the reasonable fees and expenses disbursements and other charges of legal counsel (but limited to the attorneys’ fees of one outside counsel to all Indemnitees taken as a whole and one local counsel to all Indemnitees taken as a whole in each relevant jurisdiction (which may include a single counsel acting in multiple jurisdictions) (and, solely in the case of an actual or perceived conflict of interest where the Indemnitee affected by such conflict of interest has informed Xxxxxxxx in writing of such conflict and thereafter retains its own counsel, one additional counsel in each relevant jurisdiction to each group of Indemnitees similarly situated taken as a whole, and, in all cases excluding, for the avoidance of doubt, the allocated costs of internal counsel)) in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under hereunder and (e) to pay, indemnify, or reimburse the Administrative Agent and its Affiliates, and their respective officers, directors, trustees, employees, advisors, agents and controlling persons (each, an “Administrative Agent Indemnitee”) for, and hold each Administrative Agent Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the matters referred to in the payoff letter from the Borrower to Toronto Dominion (Texas) LLC, dated February 11, 2010, and the fees and disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Administrative Agent Indemnitee against any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto Party hereunder (all the foregoing in this clause clauses (cd) and (e), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined (i) are found by a final and nonappealable decision of a court of competent jurisdictionjurisdiction to have resulted from (x) the bad faith, gross negligence or willful misconduct of such Indemnitee, any Indemnitee or (y) a material breach by such Indemnitee of its affiliates material obligations under this Agreement or the other Loan Documents or (ii) arise from any dispute solely among Indemnitees other than any claims against any Indemnitee in its capacity or in fulfilling its role as an Agent, an Arranger or any similar role under this Agreement and the other Loan Documents and other than any claims involving any act or omission on the part of the Borrower or its or their respective officers, directors, partners, employees, agents or controlling personsSubsidiaries. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or persons, and neither the Borrower, any other Loan Party nor any Indemnitee shall be liable for any special, indirect, consequential or punitive damages in connection with the Loanscredit facilities established hereunder or the transactions related hereto; provided that, this sentence shall not relieve the Borrower of any obligation it may have to indemnify an Indemnitee against special, indirect, consequential or punitive damages asserted against such Indemnitee. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries (including (x) the Securitization Manager and, if any, the subsidiary acting in a capacity analogous to the Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) not to assert, and hereby waives and agrees to cause its Subsidiaries (including (x) the Securitization Manager and, if any, the subsidiary acting in a capacity analogous to the Securitization Manager pursuant to any Additional Securitization Arrangements and (y) the Specified Unrestricted Foreign Entities) so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent and the Arrangers for all its (i) their reasonable out-of-pocket costs and expenses incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (including thereby, including, without limitation, the reasonable fees and disbursements and other charges of counsel to the Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender and the Agents for all their out-of-pocket costs and expenses and professional fees of the advisors and counsel to the Lender), and (ii) costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisetherewith, including including, without limitation, the fees and disbursements of counsel (including the allocated fees and disbursements and other charges of in-house counsel) to each Lender and of counsel to the LenderAgents, (bc) to pay, indemnify, or reimburse each Lender and the Lender Agents for, and hold each Lender and the Lender Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay caused by the Borrower in paying such feespaying, Other Taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, defend, indemnify or reimburse the each Lender, its each Agent, their respective affiliates, and its and their respective officers, directors, partnerstrustees, employees, advisors, agents, agents and controlling persons and trustees (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or therebysuch other documents, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebyincluding, including without limitation, any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Parent, Holdings, Intermediate Holdings, the Borrower, any of its Subsidiaries or assets of any Group Member, including any of the Mortgaged Properties, Properties and the reasonable fees and expenses disbursements and other charges of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto hereunder (all the foregoing in this clause (cd), collectively, the “Indemnified Liabilities”), provided provided, that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities (i) to the extent such Indemnified Liabilities resulted from the gross negligence or willful misconduct of, in each case as determined are found by a final and final, nonappealable decision judgment of a court of competent jurisdictionjurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or (ii) arising from claims asserted by another Indemnitee against such Indemnitee. The Borrower shall have the right to undertake, any conduct and control through counsel of its affiliates or its or their respective officersown choosing (which counsel shall be acceptable to the applicable Indemnitee acting reasonably), directorsthe conduct and settlement of claims with respect to the related Indemnified Liabilities, partners, employees, agents or controlling persons. No and such Indemnitee shall cooperate with the Borrower in connection therewith; provided that the Borrower shall permit such Indemnitee to participate in such conduct and settlement through counsel chosen by such Indemnitee. Notwithstanding the foregoing, each Indemnitee shall have the right to employ its own counsel and the reasonable fees and expenses of such counsel shall be at the Borrower’s cost and expense if such Indemnitee reasonably determines that (i) the Borrower’s counsel is not defending any claim or proceeding in a manner reasonably acceptable to such Indemnitee or (ii) the interest of the Borrower and such Indemnitee have become adverse in any such claim or cause of action, provided, however, that in such event, the Borrower shall only be liable for the reasonable legal expenses of one counsel for all such Indemnitees. If clause (ii) of the immediately preceding sentence is applicable, at the option of the applicable Indemnitee, its attorneys shall control the resolution of any damages such claim with respect to the related Indemnified Liabilities. The Borrower shall not, without the prior written consent of each Indemnitee affected thereby, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification may be sought hereunder (whether or not such Indemnitee is an actual or potential party to such action or claim) unless such settlement, compromise or judgment (a) includes an unconditional release of such Indemnitee from all liability arising from out of such action or claim, (b) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of such Indemnitee and (c) does not require such Indemnitee to pay any form of consideration to any party or parties (including, without limitation, the use by unauthorized persons payment of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages money) in connection with the Loanstherewith. Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any IndemniteeIndemnitee until the date on which all Obligations (other than obligations in respect of any Specified Hedge Agreement) have been paid in full, all Commitments have terminated or expired and no Letter of Credit shall be outstanding. Notwithstanding any other provision of this Section, the Borrower shall have no obligation hereunder to any Indemnitee for any environmental claims arising from actions taken by such Indemnitee with respect to any Property after the exercise of remedies by such Indemnitee with respect to such Property. All amounts due under this Section 8.5 shall be payable not later than 30 days after written demand therefortherefor supported by customary documentation. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to General Counsel (Telephone No. (000) 000-0000) (Fax No. (000) 000-0000), at the Treasurer address of the Borrower as set forth in Section 8.210.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder. No Indemnitee or any of the other parties hereto shall be liable to any other party hereto for any damages arising from the use by unauthorized Persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such Persons or for any special, indirect, consequential or punitive damages in connection with the Facilities.
Appears in 1 contract
Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Lender Administrative Agent for all its (i) reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby (thereby, including the reasonable out-of-pocket costs fees and expenses and professional fees disbursements of the advisors and counsel to the Lender)Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower from time to time after the Drawdown Date on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay or reimburse each Lender and (ii) the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights or exercise of remedies under this Agreement, the other Loan Documents and any such other documents prepared in connection herewith or therewith in respect of any Event of Default or otherwisedocuments, including the fees and disbursements of counsel (including the allocated fees and disbursements and other charges expenses of in-house counsel) to each Lender and of counsel to the LenderAdministrative Agent, (bc) to pay, indemnify, or reimburse the Lender for, and hold each Lender and the Lender Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying such fees, if any, which that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (cd) to pay, indemnify or reimburse the Lender, its affiliatesindemnify, and its hold each Lender and the Administrative Agent and their respective officers, directors, partners, employees, advisorsAffiliates, agents, agents and controlling persons and trustees (each, an “"Indemnitee”") for, and hold each Indemnitee harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted against any Indemnitee by any third party or by with respect to the Borrower or any other Loan Party arising out ofexecution, in connection withdelivery, or as a result ofenforcement, the execution or delivery performance and administration of this Agreement, any the other Loan Document or Documents and any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or therebysuch other documents, including any of the foregoing relating to the use or proposed use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations or assets of any Group Member, including Member or any of the Mortgaged Propertiesproperties owned by such Group Members, or any violation of Sections 3.18 or 5.2(k), and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by any third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing in this clause (cd), collectively, the “"Indemnified Liabilities”"); provided, provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a court of competent jurisdiction in a final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of, in each case as determined by a final and nonappealable decision of a court of competent jurisdiction, such Indemnitee; provided further, that Indemnified Liabilities shall specifically include any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses of its affiliates any Indemnitee as a result of the Borrower’s non-compliance with Sections 3.18 or its or their respective officers, directors, partners, employees, agents or controlling persons. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons or for any special, indirect, consequential or punitive damages in connection with the LoansSection 5.2(k). Without limiting the foregoing, and to the extent permitted by Applicable Lawapplicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waivewaives, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental LawsLaws or due to or arising from non-compliance or misrepresentation with respect to Sections 3.18 or 5.2(k) hereof, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 8.5 shall be payable not later than 30 ten (10) days after written demand therefor. Statements payable by the Borrower pursuant to this Section 8.5 shall be submitted to the Treasurer (Telephone No. (000) 000-0000; Telecopy No. (000) 000-0000), at the address of Xxxxx Limited (prior to the Borrower as Guaranty Assignment Effective Date) and Xxxxx Global SA (on and after the Guaranty Assignment Effective Date) set forth in Section 8.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the LenderAdministrative Agent. The agreements in this Section 8.5 shall survive repayment of the Loans and all other amounts payable hereunder. Notwithstanding the foregoing, and for the avoidance of doubt, this Section 8.5 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from a non-Tax claim.
Appears in 1 contract
Samples: Term Loan Agreement (Bungeltd)