Common use of Capital adequacy and reserve requirements indemnity Clause in Contracts

Capital adequacy and reserve requirements indemnity. The Borrowers shall promptly indemnify each Lender on demand against any cost incurred or loss suffered by such Lender as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s Commitment and/or Contribution or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such Lender under clause 12.2.

Appears in 18 contracts

Samples: Navios Maritime Partners L.P., Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Acquisition CORP)

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Capital adequacy and reserve requirements indemnity. The Borrowers Borrower shall promptly indemnify each Lender on demand against any cost incurred or loss suffered by such Lender as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s Commitment and/or Contribution or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such Lender under clause 12.2.

Appears in 14 contracts

Samples: Agreement, Facility Agreement (Pyxis Tankers Inc.), EuroDry Ltd.

Capital adequacy and reserve requirements indemnity. The Borrowers Borrower shall promptly indemnify each the Lender on demand against any cost incurred or loss suffered by such the Lender as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s the Commitment and/or Contribution the Loan or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such the Lender under clause 12.2.

Appears in 4 contracts

Samples: Agreement (Euroseas Ltd.), www.lw.com, Navios Maritime Midstream Partners LP

Capital adequacy and reserve requirements indemnity. The Borrowers Borrower shall promptly indemnify each the Lender on demand against any reasonable cost incurred or loss suffered by such the Lender as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s Commitment and/or Contribution the Loan or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such the Lender under clause 12.2.

Appears in 4 contracts

Samples: Agreement (Box Ships Inc.), Agreement (StealthGas Inc.), Agreement (StealthGas Inc.)

Capital adequacy and reserve requirements indemnity. The Borrowers shall promptly indemnify each Lender the Bank on demand against any cost incurred or loss suffered by such Lender the Bank as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such Lender the Bank under clause 12.211.2.

Appears in 4 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)

Capital adequacy and reserve requirements indemnity. The Borrowers shall promptly indemnify each Lender the Bank on demand against any cost incurred or loss suffered by such Lender the Bank as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such Lender the Bank under clause 12.2.11.2..

Appears in 3 contracts

Samples: Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

Capital adequacy and reserve requirements indemnity. The Borrowers Borrower shall promptly indemnify each Lender the Bank on demand against any cost incurred or loss suffered by such Lender the Bank as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such Lender the Bank under clause 12.2.11.2..

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)

Capital adequacy and reserve requirements indemnity. The Borrowers Borrower shall promptly indemnify each Lender the Bank on demand against any cost incurred or loss suffered by such Lender the Bank as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such Lender the Bank under clause 12.211.2.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

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Capital adequacy and reserve requirements indemnity. The Borrowers Borrower shall promptly indemnify each the Lender on demand against any cost incurred or loss suffered by such the Lender as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s the Commitment and/or Contribution the Loan or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such the Lender under clause 12.2.12.2 (Increased costs). 12 Unlawfulness, increased costs and bail-in

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Capital adequacy and reserve requirements indemnity. The Borrowers shall promptly indemnify each Lender on demand against any cost incurred or loss suffered by such Lender as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s Commitment and/or Contribution or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such Lender under clause 12.2.. 38

Appears in 1 contract

Samples: Navios Maritime Acquisition CORP

Capital adequacy and reserve requirements indemnity. The Borrowers shall promptly indemnify each the Lender on demand against any cost incurred or loss suffered by such the Lender as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s the Commitment and/or Contribution the Loan or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such the Lender under clause 12.2.. 12 Unlawfulness, increased costs and bail-in

Appears in 1 contract

Samples: Facility Agreement (Euroseas Ltd.)

Capital adequacy and reserve requirements indemnity. The Borrowers Each Borrower shall promptly indemnify each the Lender on demand against any cost incurred or loss suffered by such the Lender as a result of its complying with (i) the minimum reserve requirements from time to time of the European Central Bank (ii) any capital adequacy directive of the European Union and/or (iii) any revised framework for international convergence of capital measurements and capital standards and/or any regulation imposed by any Government Entity in connection therewith, and/or in connection with maintaining required reserves with a relevant national central bank to the extent that such compliance or maintenance relates to such Lender’s the Commitment and/or Contribution the Loan or deposits obtained by it to fund the whole or part thereof and to the extent such cost or loss is not recoverable by such the Lender under clause 12.2Clause 14.2 (Increased costs).

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

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