Common use of Reimbursement and indemnity by Banks Clause in Contracts

Reimbursement and indemnity by Banks. Each Bank must reimburse the Agent (rateably in accordance with such Bank’s aggregate Commitment or, after a Drawdown Date, its Contribution), to the extent that the Agent is not reimbursed by the Borrower, for the costs, charges and expenses incurred by the Agent which are expressed to be payable by the Borrower under clause 5.1 including (in each case) the fees and expenses of legal or other professional advisers. Each Bank agrees to indemnify the Agent on demand (rateably in accordance with such Bank’s aggregate Commitment or, after a Drawdown Date, its Contribution) against all liabilities, damages, costs and claims whatsoever incurred by the Agent in connection with any of the Security Documents any Proceedings initiated in connection therewith or the performance of its duties under any of the Security Documents or any action taken or omitted by the Agent under 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 must shall reimburse the Agent (rateably rateably, if prior to the first drawdown, in accordance with such Bank’s aggregate Commitment or, if after a Drawdown Datethe first drawdown, its in accordance with such Bank’s Contribution), to the extent that the Agent is not reimbursed by the BorrowerBorrowers or any of them, for the costs, charges and expenses incurred by the Agent which are expressed to be payable by the Borrower Borrowers or any of them under clause 5.1 including (in each case) the fees and expenses of legal or other professional advisers. Each Bank agrees to shall on demand indemnify the Agent on demand (rateably rateably, if prior to the first drawdown, in accordance with such Bank’s aggregate Commitment or, if after a Drawdown Datethe first drawdown, its in accordance with the Bank’s Contribution) against all liabilities, damages, costs and claims whatsoever incurred by the Agent in connection with any of the Security Documents any Proceedings initiated in connection therewith or the performance of its duties under any of the Security Documents or any action taken or omitted by the Agent under 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 must shall reimburse the Agent (rateably rateably, if prior to the first drawdown, in accordance with such Bank’s aggregate 's Commitment or, if after a Drawdown Datethe first drawdown, its in accordance with such Bank's Contribution), to the extent that the Agent is not reimbursed by the BorrowerBorrowers or any of them, for the costs, charges and expenses incurred by the Agent which are expressed to be payable by the Borrower Borrowers or any of them under clause 5.1 including (in each case) the fees and expenses of legal or other professional advisers. Each Bank agrees to shall on demand indemnify the Agent on demand (rateably rateably, if prior to the first drawdown, in accordance with such Bank’s aggregate 's Commitment or, if after a Drawdown Datethe first drawdown, its in accordance with the Bank's Contribution) against all liabilities, damages, costs and claims whatsoever incurred by the Agent in connection with any of the Security Documents any Proceedings initiated in connection therewith or the performance of its duties under any of the Security Documents or any action taken or omitted by the Agent under any of the Security Documents, unless such liabilities, damages, costs or claims arise from the Agent’s 's own gross negligence or wilful misconduct.