Common use of Amount of Loss Clause in Contracts

Amount of Loss. For the purposes of this Clause a Lender, Arranger and the Agent will be treated as having suffered a loss equal to the amount which is expressed as being due to it by any Borrower and unpaid. If this treatment is incorrect the Lender, Arranger or the Agent will produce evidence of its loss.

Appears in 2 contracts

Samples: Term Loan Facility (Havas Advertising), Guarantee and Indemnity (Havas Advertising)

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Amount of Loss. For the purposes of this Clause a Lender, Arranger Lender and the Agent will be treated as having suffered a loss equal to the amount which is expressed as being due to it by any the Borrower and unpaid. If this treatment is incorrect the Lender, Arranger Lender or the Agent will produce evidence of its loss.

Appears in 1 contract

Samples: Term Loan Facility (NCL Holding Asa)

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