Common use of Borrowers Indemnities Clause in Contracts

Borrowers Indemnities. 25.1 BORROWERS' INDEMNITY The Borrowers, acting through the Relevant Obligor, undertake to indemnify: 25.1.1 each Finance Party against any cost, claim, loss, expense (including legal fees) or liability together with any VAT thereon, which it may sustain or incur as a consequence of the occurrence of any Event of Default or any default by any Obligor in the performance of any of the obligations expressed to be assumed by it in the Finance Documents; 25.1.2 each Bank against any cost or loss it may suffer under Clause 23.5 (Banks' Liabilities for Costs) or Clause 30.5 (Indemnification); and 25.1.3 each Bank against any cost or loss it may suffer or incur as a result of its funding or making arrangements to fund its portion of a Revolving Advance requested by any Borrower but not made by reason of the operation of any one or more of the provisions hereof.

Borrowers Indemnities. 25.1 29.1 BORROWERS' INDEMNITY The Borrowers, acting through the Relevant Obligor, undertake to indemnify: 25.1.1 29.1.1 each Finance Party against any cost, claim, loss, expense (including legal fees) or liability together with any VAT thereon, which it may sustain or incur as a consequence of the occurrence of any Event of Default or any default by any Obligor in the performance of any of the obligations expressed to be assumed by it in the Finance Documents; 25.1.2 29.1.2 each Bank against any cost or loss it may suffer under Clause 23.5 27.5 (Banks' Liabilities for Costs) or Clause 30.5 34.6 (Indemnification); and 25.1.3 29.1.3 each Bank against any cost or loss it may suffer or incur as a result of its funding or making arrangements to fund its portion of a Revolving an Advance requested by any Borrower but not made by reason of the operation of any one or more of the provisions hereof.