Common use of REIMBURSEMENT OF COST Clause in Contracts

REIMBURSEMENT OF COST. The Lenders shall ratably in accordance with its respective participation in the Loans (as the case may be), indemnify and hold the Agent harmless against any and all costs, claims, expenses (including legal fees), loss or liability, which the Agent may suffer or incur by reason of any action taken or omitted by it as the Agent hereunder to the extent that the Agent shall not have been reimbursed therefore by the Obligors, unless and to the extent such loss or liability is caused by the gross negligence (negligence in respect of the Lenders) or willful misconduct of the Agent.

Appears in 4 contracts

Samples: Guarantee Agreement (KNOT Offshore Partners LP), Facility Agreement (KNOT Offshore Partners LP), Fourth Supplemental Agreement (KNOT Offshore Partners LP)

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REIMBURSEMENT OF COST. The Lenders Each Lender shall ratably rateably in accordance with its respective participation in the Loans (as the case may be)Loan, indemnify and hold the Agent harmless against any and all costs, claims, expenses (including legal fees), loss or liability, which the Agent may suffer or incur by reason of any action taken or omitted by it as the Agent hereunder to the extent that the Agent shall not have been reimbursed therefore therefor by the ObligorsBorrower, unless and to the extent such loss or liability is caused by the gross negligence (negligence in respect of the Lenders) or willful wilful misconduct of the Agent.

Appears in 1 contract

Samples: Loan Agreement (Trico Marine Services Inc)

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REIMBURSEMENT OF COST. The Lenders Each Lender shall ratably rateably in accordance with its respective participation in the Loans (as the case may be)Facilities, indemnify and hold the Agent harmless against any and all costs, claims, expenses (including legal fees), loss or liability, which the Agent may suffer or incur by reason of any action taken or omitted by it as the Agent hereunder to the extent that the Agent shall not have been reimbursed therefore therefor by the ObligorsBorrower, unless and to the extent such loss or liability is caused by the gross negligence (negligence in respect of the Lenders) or willful wilful misconduct of the Agent.

Appears in 1 contract

Samples: Facility Agreement (Trico Marine Services Inc)

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