Common use of BANKS' LIABILITIES FOR COSTS Clause in Contracts

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 22 (Costs and Expenses), each Bank shall, in its Proportion, indemnify each of the Agent and the Arrangers against any loss incurred by any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONS

Appears in 1 contract

Samples: Revolving Loan Agreement (Teekay Shipping Corp)

AutoNDA by SimpleDocs

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 22 (Costs and Expenses)22, each Bank shall, in its Proportion, indemnify each of the Facility Agent and the Arrangers Arranger against any loss incurred by any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONSfailure.

Appears in 1 contract

Samples: Revolving Loan Facility Agreement (United Pan Europe Communications Nv)

BANKS' LIABILITIES FOR COSTS. If the any Borrower fails to perform any of its obligations under this Clause 22 (Costs and Expenses)19, each Bank shall, in its Proportion, indemnify each of the Agent and the Arrangers Arranger against any loss incurred by any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONSfailure.

Appears in 1 contract

Samples: Revolving Loan Agreement (Imc Global Inc)

BANKS' LIABILITIES FOR COSTS. If any of the Borrower fails Borrowers fail to perform any of its obligations under this Clause 22 (Costs and Expenses)26, each Bank shall, in its Proportion, indemnify each of the Agent and the Arrangers against any loss incurred by any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONSfailure.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc)

BANKS' LIABILITIES FOR COSTS. If the Borrower fails Borrowers fail to perform any of its their obligations under this Clause 22 (Costs and Expenses)26, each Bank shall, in its Proportion, indemnify each of the Agent and the Arrangers against any loss incurred by any of them the Agent as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONSfailure.

Appears in 1 contract

Samples: Credit Agreement (NTL Inc/De/)

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 22 (Costs and Expenses)21, each Bank shall, in its Proportion, indemnify each of the Facility Agent and the Original Mandated Lead Arrangers against any loss incurred by any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONSfailure.

Appears in 1 contract

Samples: Facility Agreement (Micron Technology Inc)

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 22 (Costs and Expenses)18, each the Bank shall, in its Proportion, shall indemnify each of the Agent and the Arrangers Arranger against any loss incurred by any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this failure. Clause 22.4. Part 10 AGENCY PROVISIONSXVIII

Appears in 1 contract

Samples: Term Loan Agreement

BANKS' LIABILITIES FOR COSTS. If the Original Borrower fails to perform any of its obligations under this Clause 22 (Costs and Expenses)30, each Bank shall, in its Proportion, indemnify each of the Facility Agent and the Arrangers Arranger against any loss incurred by any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONSfailure.

Appears in 1 contract

Samples: Amendment Agreement (Jazztel PLC)

AutoNDA by SimpleDocs

BANKS' LIABILITIES FOR COSTS. If the Original Borrower fails to perform any of its obligations under this Clause 22 (Costs and Expenses)26, each Bank shall, in its Proportion, indemnify each of the Agent and the Mandated Lead Arrangers against any loss incurred by any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONSfailure.

Appears in 1 contract

Samples: Loan Agreement (Cemex Sa De Cv)

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 22 (Costs and Expenses)18, each the Bank shall, in its Proportion, shall indemnify each of the Agent and the Arrangers Arranger against any loss incurred by any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONSfailure.

Appears in 1 contract

Samples: Term Loan Agreement

BANKS' LIABILITIES FOR COSTS. If the Borrower fails Borrowers fail to perform any of its their obligations under this Clause 22 (Costs and Expenses)27, each Bank shall, in its Proportion, indemnify each of the Agent and the Arrangers against any loss incurred by any of them the Agent as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONSfailure.

Appears in 1 contract

Samples: Credit Agreement (NTL Europe Inc)

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 22 24 (Costs and Expenses), each Bank shall, in its Proportion, indemnify each of the Agent and the Arrangers against any loss incurred by any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 22.4. Part 10 AGENCY PROVISIONS24.4.

Appears in 1 contract

Samples: Revolving Loan Agreement (Teekay Shipping Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!