Common use of Special Indemnification Clause in Contracts

Special Indemnification. Notwithstanding any provision in this Agreement to the contrary, (A) each Lender, or Transferee of any Lender pursuant to subsection 11.6(g) of this Agreement, shall indemnify the Borrower and the Administrative Agent, and hold each of them harmless against any and all payments, expenses or taxes which the Borrower or the Administrative Agent may become subject to or obligated to pay if and to the extent that, (i) on the Closing Date, the Restatement Effective Date or the effective date of transfer, as the case may be, such Lender, or such Transferee of a Lender pursuant to subsection 11.6(g) of this Agreement, (a) makes the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and Acceptance, and (b) is not in fact also qualified to make the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and Acceptance, and (ii) as a result of any Change in Law or compliance by such Lender, or Transferee, with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority the Borrower or the Administrative Agent is required to make any additional payments on account of U.S. withholding taxes and amounts related thereto with respect to any payments under this Agreement, any Note, or a Eurodollar Loan, made prior to such Change in Law or request or directive, none of which payments would have been required if such Lender, or Transferee, was qualified on the Closing Date, the Restatement Effective Date or the date of the transfer, as the case may be, to make the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and Acceptance, as the case may be, and (B) each Lender, or Transferee of any Lender pursuant to subsection 11.6(g) of this Agreement, agrees that to the extent any amount payable by such Lender or Transferee pursuant to this subsection 11.13 remains unpaid on any Interest Payment Date or the date on which any prepayment is made, the Borrower shall have the right to set-off against any payment due to such Lender or Transferee on such date any amounts owing to the Borrower pursuant to this subsection 11.13.

Appears in 1 contract

Samples: Credit Agreement (Jostens Inc)

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Special Indemnification. Notwithstanding any provision in this Agreement to the contrary, (A) each Lender, or Transferee of any Lender pursuant to subsection 11.6(g12.6(g) of this Agreement, shall indemnify the U.S. Borrower, the Canadian Borrower and each of the Administrative AgentAgents, and hold each of them harmless against any and all payments, expenses or taxes which the U.S. Borrower, the Canadian Borrower or either of the Administrative Agent Agents may become subject to or obligated to pay if and to the extent that, (i) on the Closing Date, the Restatement Effective Date or the effective date of transfer, as the case may be, such Lender, or such Transferee of a Lender pursuant to subsection 11.6(g12.6(g) of this Agreement, (a) makes the representation and covenants set forth in subsection 4.11(d5.11(e) of this Agreement and the Assignment and Acceptance, and (b) is not in fact also qualified to make the representation and covenants set forth in subsection 4.11(d5.11(e) of this Agreement and the Assignment and Acceptance, and (ii) as a 133 result of any Change in Law or compliance by such Lender, or Transferee, with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority the U.S. Borrower, the Canadian Borrower or either of the Administrative Agent Agents is required to make any additional payments on account of U.S. withholding taxes and amounts related thereto with respect to any payments under this Agreement, any Note, or a Eurodollar Loan, made prior to such Change in Law or request or directive, none of which payments would have been required if such Lender, or Transferee, was qualified on the Closing Date, the Restatement Effective Date or the date of the transfer, as the case may be, to make the representation and covenants set forth in subsection 4.11(d5.11(e) of this Agreement and the Assignment and Acceptance, as the case may be, and (B) each Lender, or Transferee of any Lender pursuant to subsection 11.6(g12.6(g) of this Agreement, agrees that to the extent any amount payable by such Lender or Transferee pursuant to this subsection 11.13 12.13 remains unpaid on any Interest Payment Date or the date on which any prepayment is made, the U.S. Borrower or the Canadian Borrower, as the case may be, shall have the right to set-off against any payment due to such Lender or Transferee on such date any amounts owing to the U.S. Borrower or the Canadian Borrower, as the case may be, pursuant to this subsection 11.1312.13.

Appears in 1 contract

Samples: Credit Agreement (Jostens Inc)

Special Indemnification. Notwithstanding any provision in this Agreement to the contrary, (A) each Lender, or Transferee of any Lender pursuant to subsection 11.6(g12.6(g) of this Agreement, shall indemnify the Borrower, the Canadian Borrower and the Administrative Agent, and hold each of them harmless against any and all payments, expenses or taxes which the Borrower, the Canadian Borrower or the Administrative Agent may become subject to or obligated to pay if and to the extent that, (i) on the Closing Date, the First Restatement Effective Date, the Second Restatement Effective Date or the effective date of transfer, as the case may be, such Lender, or such Transferee of a Lender pursuant to subsection 11.6(g12.6(g) of this Agreement, (a) makes the representation and covenants set forth in subsection 4.11(d5.11(d) of this Agreement and the Assignment and Acceptance, and (b) is not in fact also qualified to make the representation and covenants set forth in subsection 4.11(d5.11(d) of this Agreement and the Assignment and Acceptance, and (ii) as a result of any Change in Law or compliance by such Lender, or Transferee, with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority the Borrower, the Canadian Borrower or the Administrative Agent is required to make any additional payments on account of U.S. withholding taxes and amounts related thereto with respect to any payments under this Agreement, any Note, or a Eurodollar Loan, made prior to such Change in Law or request or directive, none of which payments would have been required if such Lender, or Transferee, was qualified on the Closing Date, the First Restatement Effective Date, the Second Restatement Effective Date or the date of the transfer, as the case may be, to make the representation and covenants set forth in subsection 4.11(d5.11(d) of this Agreement and the Assignment and Acceptance, as the case may be, and (B) each Lender, or Transferee of any Lender pursuant to subsection 11.6(g12.6(g) of this Agreement, agrees that to the extent any amount payable by such Lender or Transferee pursuant to this subsection 11.13 12.13 remains unpaid on any Interest Payment Date or the date on which any prepayment is made, the Borrower or the Canadian Borrower, as the case may be, shall have the right to set-off against any payment due to such Lender or Transferee on such date any amounts owing to the Borrower or the Canadian Borrower, as the case may be, pursuant to this subsection 11.1312.13.

Appears in 1 contract

Samples: Credit Agreement (Jostens Inc)

Special Indemnification. Notwithstanding any provision in this Agreement to the contrary, (A) each Lender, Lender or Transferee of any Lender pursuant to subsection 11.6(g) of this Agreement, shall indemnify the Borrower Borrowers and the Administrative Agent, and hold each of them harmless against any and all payments, expenses or taxes which the Borrower or the Administrative Agent may become subject to or obligated to pay if and to the extent that, (i) on the Closing Date, the Restatement Effective Date or the effective date of transfer, as the case may be, such Lender, Lender or such Transferee of a Lender pursuant to subsection 11.6(g) of this AgreementTransferee, (a) makes the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and AcceptanceAssumption, and (b) is not in fact also qualified to make the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and AcceptanceAssumption, and (ii) as a result of any Change in Law or compliance by such Lender, Lender or Transferee, with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority the Borrower Borrowers or the Administrative Agent is required to make any additional payments on account of U.S. withholding taxes and amounts related thereto with respect to any payments under this Agreement, any Note, or a Eurodollar Loan, made prior to such Change in Law or request or directive, none of which payments would have been required if such Lender, Lender or Transferee, was qualified on the Closing Date, the Restatement Effective Date or the date of the transfer, as the case may be, to make the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and AcceptanceAssumption, as the case may be, and (B) each Lender, Lender or Transferee of any Lender pursuant to subsection 11.6(g) of this Agreement, agrees that to the extent any amount payable by such Lender or Transferee pursuant to this subsection 11.13 remains unpaid on any Interest Payment Date or the date on which any prepayment is made, the Borrower shall have the right to set-off against any payment due to such Lender or Transferee on such date any amounts owing to the Borrower pursuant to this subsection 11.13.this

Appears in 1 contract

Samples: Second Lien Credit Agreement (Stratus Technologies Bermuda Holdings Ltd.)

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Special Indemnification. Notwithstanding any provision in this Agreement to the contrary, (A) each Lender, Lender or Transferee of any Lender pursuant to subsection 11.6(g) of this Agreement, shall indemnify the Borrower Borrowers and the Administrative Agent, and hold each of them harmless against any and all payments, expenses or taxes which the Borrower or the Administrative Agent may become subject to or obligated to pay if and to the extent that, (i) on the Closing Date, the Restatement Effective Date or the effective date of transfer, as the case may be, such Lender, Lender or such Transferee of a Lender pursuant to subsection 11.6(g) of this AgreementTransferee, (a) makes the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and AcceptanceAssumption, and (b) is not in fact also qualified to make the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and AcceptanceAssumption, and (ii) as a result of any Change in Law or compliance by such Lender, Lender or Transferee, with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority the Borrower Borrowers or the Administrative Agent is required to make any additional payments on account of U.S. withholding taxes and amounts related thereto with respect to any payments under this Agreement, any Note, or a Eurodollar Loan, made prior to such Change in Law or request or directive, none of which payments would have been required if such Lender, Lender or Transferee, was qualified on the Closing Date, the Restatement Effective Date or the date of the transfer, as the case may be, to make the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and AcceptanceAssumption, as the case may be, and (B) each Lender, Lender or Transferee of any Lender pursuant to subsection 11.6(g) of this Agreement, agrees that to the extent any amount payable by such Lender or Transferee pursuant to this subsection 11.13 remains unpaid on any Interest Payment Date or the date on which any prepayment is made, the Borrower Borrowers shall have the right to set-set off against any payment due to such Lender or Transferee on such date any amounts owing to the Borrower Borrowers pursuant to this subsection 11.13.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Stratus Technologies Bermuda Holdings Ltd.)

Special Indemnification. Notwithstanding any provision in this ----------------------- Agreement to the contrary, (A) each Lender, or Transferee of any Lender pursuant to subsection 11.6(g) of this Agreement, shall indemnify the Borrower Borrowers and the Administrative Agent, and hold each of them harmless against any and all payments, expenses or taxes which the Borrower Borrowers or the Administrative Agent may become subject to or obligated to pay if and to the extent that, (i) on the Closing Date, the Restatement Effective Date or the effective date of transfer, as the case may be, such Lender, or such Transferee of a Lender pursuant to subsection 11.6(g) of this Agreement, (a) makes the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and Acceptance, and (b) is not in fact also qualified to make the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and Acceptance, and (ii) as a result of any Change in Law or compliance by such Lender, or Transferee, with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority the Borrower Borrowers or the Administrative Agent is required to make any additional payments on account of U.S. withholding taxes and amounts related thereto with respect to any payments under this Agreement, any Note, or a Eurodollar Loan, made prior to such Change in Law or request or directive, none of which payments would have been required if such Lender, or Transferee, was qualified on the Closing Date, the Restatement Effective Date or the date of the transfer, as the case may be, to make the representation and covenants set forth in subsection 4.11(d) of this Agreement and the Assignment and Acceptance, as the case may be, and (B) each Lender, or Transferee of any Lender pursuant to subsection 11.6(g) of this Agreement, agrees that to the extent any amount payable by such Lender or Transferee pursuant to this subsection 11.13 remains unpaid on any Interest Payment Date or the date on which any prepayment is made, the Borrower Borrowers shall have the right to set-off against any payment due to such Lender or Transferee on such date any amounts owing to the Borrower Borrowers pursuant to this subsection 11.13.

Appears in 1 contract

Samples: Credit Agreement (Jostens Inc)

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