BANKS' LIABILITIES FOR COSTS. If the Account Party fails to perform any of its obligations under this Clause 18, each Bank shall, in its Proportion, indemnify each of the Agent and the Arranger against any loss incurred by any of them as a result of such failure.
Appears in 2 contracts
Samples: Letter of Credit Facility Agreement (Ace LTD), Letter of Credit Facility Agreement (Ace LTD)
BANKS' LIABILITIES FOR COSTS. If the Account Party fails to perform any of its obligations under this Clause 18, 19 each Bank shall, in its Proportion, indemnify each of the Agent and the Arranger Arrangers against any loss incurred by any of them as a result of such failure.
Appears in 2 contracts
Samples: Exhibit Agreement (Ace LTD), Exhibit (Ace LTD)
BANKS' LIABILITIES FOR COSTS. If the Account Party fails to perform any of its obligations under this Clause 18, 18 each Bank shall, in its Proportion, indemnify each of the Agent and the Arranger Arrangers against any loss incurred by any of them as a result of such failure.
Appears in 1 contract
