Common use of 14Indemnity Clause in Contracts

14Indemnity. With respect to Eurocurrency Loans and Term Benchmark Loans, each Borrower agrees to indemnify each Bank and to hold each Bank harmless from any loss or expense which such Bank may sustain or incur as a consequence of (i) default by such Borrower in payment of the principal amount of or interest on any Eurocurrency Loan or Term Benchmark Loan by such Bank, (ii) default by such Borrower in making a borrowing, conversion or continuance of any Eurocurrency Loan or Term Benchmark Loan after such Borrower has given a notice in accordance with subsection 2.1, 2.2 or 2.9, (iii) default by such Borrower in making any prepayment of any Eurocurrency Loan or Term Benchmark Loan after such Borrower has given a notice in accordance with subsection 2.5 or 2.6 or (iv) the making by such Borrower of a prepayment of any Eurocurrency Loan or Term Benchmark Loan on a day which is not the last day of an Interest Period with respect thereto or the maturity date therefor. This covenant shall survive termination of this Agreement and payment of the outstanding Loans. A certificate as to any amount payable pursuant to the foregoing shall be submitted by such Bank (and executed by an officer thereof) to the relevant Borrower, setting forth the computation of such amounts in reasonable detail, and shall be conclusive in the absence of manifest error.

14Indemnity. With respect to Eurocurrency Loans and Term Benchmark Loans, each Borrower agrees to indemnify each Bank and to hold each Bank harmless from any loss or expense which such Bank may sustain or incur as a consequence of (i) default by such Borrower in payment of the principal amount of or interest on any Eurocurrency Loan or Term Benchmark Loan by such Bank, (ii) default by such Borrower in making a borrowing, conversion or continuance of any Eurocurrency Loan or Term Benchmark Loan after such Borrower has given a notice in accordance with subsection 2.1, 2.2 or 2.9, (iii) default by such Borrower in making any prepayment of any Eurocurrency Loan or Term Benchmark Loan after such Borrower has given a notice in accordance with subsection 2.5 or 2.6 or (iv) the making by such Borrower of a prepayment of any Eurocurrency Loan or Term Benchmark Loan on a day which is not the last day of an Interest Period with respect thereto or the maturity date therefor. This covenant shall survive termination of this Agreement and payment of the outstanding Loans. A certificate as to any amount payable pursuant to the foregoing shall be submitted by such Bank (and executed by an officer thereof) to the relevant Borrower, setting forth the computation of such amounts in reasonable detail, and shall be conclusive in the absence of manifest error.. ​ ​ ​