Common use of Borrower’s Indemnity to Lenders Clause in Contracts

Borrower’s Indemnity to Lenders. The Borrower shall irrevocably and unconditionally as a primary obligation indemnify (within three Business Days’ of demand by the Agent) each Lender against: 5.2.1 any sum paid or due and payable by such Lender under any Letter of Credit; and 5.2.2 all liabilities, costs (including, without limitation, any costs incurred in funding any amount which falls due from such Lender under or in connection with such Letter of Credit), claims, losses and expenses which such Lender may at any time reasonably incur or sustain in connection with any Letter of Credit.

Borrower’s Indemnity to Lenders. The Borrower shall irrevocably and unconditionally as a primary obligation indemnify (within three Business Days’ of demand by the Agent) each Lender against: 5.2.1 (a) any sum paid or due and payable by such Lender under any Letter of Credit; and 5.2.2 (b) all liabilities, costs (including, without limitation, any costs incurred in funding any amount which falls due from such Lender under or in connection with such Letter of Credit), claims, losses and expenses which such Lender may at any time reasonably incur or sustain in connection with any Letter of Credit.