Common use of Reimbursement and indemnity by Banks Clause in Contracts

Reimbursement and indemnity by Banks. Each Bank shall reimburse the Arranger and the Agent (rateably in accordance with such Bank's Commitment or Contribution), to the extent that the Arranger or the Agent is not reimbursed by the Obligors, for the costs, charges and expenses incurred by the Arranger and the Agent in connection with the negotiation, preparation and execution of this Agreement and the Security Documents and/or in contemplation of, or otherwise in connection with, the enforcement or attempted enforcement of, or the preservation or attempted preservation of any rights under, or in carrying out its duties under, this Agreement and/or any of the Security Documents including (in each case) the fees and expenses of legal or other professional advisers. Each Bank shall on demand indemnify the Agent (rateably in accordance with its Commitment or Contribution) against all liabilities, damages, costs and claims whatsoever incurred by the Agent in connection with this Agreement and the Security Documents or the performance of its duties under this Agreement and the 119 Security Documents or any action taken or omitted by the Agent under this Agreement and/or any of the Security Documents, unless such liabilities, damages, costs or claims arise from the Agent's own gross negligence or wilful misconduct.

Reimbursement and indemnity by Banks. Each Bank shall reimburse the Arranger and the Agent (rateably in accordance with such Bank's Commitment or Contribution), to the extent that the Arranger or the Agent is not reimbursed by the Obligors, for the costs, charges and expenses incurred by the Arranger and the Agent in connection with the negotiation, preparation and execution of this Agreement and the Security Documents and/or in contemplation of, or otherwise in connection with, the enforcement or attempted enforcement of, or the preservation or attempted preservation of any rights under, or in carrying out its duties under, this Agreement and/or any of the Security Documents including (in each case) the fees and expenses of legal or other professional advisers. Each Bank shall on demand indemnify the Agent (rateably in accordance with its Commitment or Contribution) against all liabilities, damages, costs and claims whatsoever incurred by the Agent in connection with this Agreement and the Security Documents or the performance of its duties under this Agreement and the 119 Security Documents or any action taken or omitted by the Agent under this Agreement and/or any of the Security Documents, unless such liabilities, damages, costs or claims arise from the Agent's own gross negligence or wilful misconduct.

Reimbursement and indemnity by Banks. Each Bank shall reimburse the Arranger Security Trustee, the Arrangers and the Agent (rateably in accordance with such Bank's Commitment or Contribution), to the extent that the Arranger Security Trustee, the Arrangers or the Agent is are not reimbursed by the Obligors, for the costs, charges and expenses incurred by the Arranger Security Trustee, the Arrangers and the Agent in connection with the negotiation, preparation and execution of this Agreement and the Security Documents and/or in contemplation of, or otherwise in connection with, the enforcement or attempted enforcement of, or the preservation or attempted preservation of any rights under, or in carrying out its duties under, this Agreement and/or any of the Security Finance Documents including (in each case) the fees and expenses of legal or other professional advisers. Each Bank shall on demand indemnify the Agent and the Security Trustee (rateably in accordance with its Commitment or Contribution) against all liabilities, damages, costs and claims whatsoever incurred by the Agent or the Security Trustee (as the case may be) in connection with this Agreement and the Security Finance Documents or the performance of its duties under this Agreement and the 119 Security Finance Documents or any action taken or omitted by the Agent or the Security Trustee (as the case may be) under this Agreement and/or any of the Security Finance Documents, unless such liabilities, damages, costs or claims arise from the Agent's or the Security Trustee's (as the case may be) own gross negligence or wilful misconduct.

Reimbursement and indemnity by Banks. Each Bank shall reimburse the Arranger Arrangers and the Agent (rateably in accordance with such Bank's Commitment or Contribution), to the extent that the Arranger Arrangers or the Agent is not reimbursed by the Obligors, for the costs, charges and expenses incurred by the Arranger Arrangers and the Agent in connection with the negotiation, preparation and execution of this Agreement and the Security Documents and/or in contemplation of, or otherwise in connection with, the enforcement or attempted enforcement of, or the preservation or attempted preservation of any rights under, or in carrying out its duties under, this Agreement and/or any of the Security Documents including (in each case) the fees and expenses of legal or other professional advisers. Each Bank shall on demand indemnify the Agent (rateably in accordance with its Commitment or Contribution) against all liabilities, damages, costs and claims whatsoever incurred by the Agent in connection with this Agreement and the Security Documents or the performance of its duties under this Agreement and the 119 Security Documents or any action taken or omitted by the Agent under this Agreement and/or any of the Security Documents, unless such liabilities, damages, costs or claims arise from the Agent's own gross negligence or wilful misconduct.

Reimbursement and indemnity by Banks. Each Bank shall reimburse the Arranger and the Agent (rateably in accordance with such Bank's Commitment or Contributionits Commitment), to the extent that the Arranger or the Agent is not reimbursed by the ObligorsBorrower, for the costs, charges and expenses incurred by the Arranger and the Agent in connection with the negotiation, preparation and execution distribution of the Information Memoranda and advertising in connection with this Agreement as agreed between the Borrower and the Security Documents Arranger and/or in contemplation of, or otherwise in connection with, the enforcement or attempted enforcement of, or the preservation or attempted preservation of any rights under, or in carrying out its duties under, this Agreement and/or under any of the Security Finance Documents including (in each case) the fees and expenses of legal or other professional advisers. Each Bank shall on demand indemnify the Agent (rateably in accordance with its Commitment or ContributionCommitment) against all liabilities, damages, costs and claims whatsoever incurred by the Agent in connection with this Agreement and any of the Security Finance Documents or the performance of its duties under this Agreement and the 119 Security Finance Documents or any action taken or omitted by the Agent under this Agreement and/or any of the Security Finance Documents, unless such liabilities, damages, costs or claims arise from the Agent's own gross negligence or wilful misconduct. The Borrower shall counter-indemnify the Banks against all payments by them under this clause 16.12.