Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each Bank against any cost incurred or loss suffered by such Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution and to the extent such cost or loss is not recoverable by such Bank under clause 12.2.
Appears in 7 contracts
Samples: Loan Agreement (Euronav NV), Supplemental Agreement (Quintana Shipping Ltd.), Master Swap Agreement (Quintana Shipping Ltd.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each the Bank against any cost incurred or loss suffered by such the Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank central bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or the Loan or part thereof or deposits obtained by it to fund or maintain the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such the Bank under clause 12.2.
Appears in 5 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Globus Maritime LTD), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each the Bank against any cost incurred or loss suffered by such Bank it as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or the Loan or deposits obtained by it to fund or maintain the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such the Bank under clause 12.2.
Appears in 4 contracts
Samples: Master Agreement (Capital Maritime & Trading Corp.), Loan Agreement (DryShips Inc.), Master Agreement (Capital Maritime & Trading Corp.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each Bank against any cost incurred or loss suffered by such Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s 's Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution and to the extent such cost or loss is not recoverable by such Bank under clause 12.2.. 12 Unlawfulness and increased costs
Appears in 3 contracts
Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Corporations and Companies (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each Bank the Lender against any cost incurred or loss suffered by such Bank the Lender as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such Bank Lender under clause 12.2Clause 12.2 (Increased cost).
Appears in 2 contracts
Samples: Loan Agreement (Performance Shipping Inc.), Performance Shipping Inc.
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each Bank the Lender against any documented cost incurred or loss suffered by such Bank the Lender as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such Bank the Lender under clause 12.2Clause 12.2 (Increased cost).
Appears in 2 contracts
Samples: Loan Agreement (Pyxis Tankers Inc.), Seanergy Maritime Holdings Corp.
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each Bank the Lender against any cost incurred or loss suffered by such Bank the Lender as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such Bank the Lender under clause 12.2.
Appears in 2 contracts
Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each Bank against any cost incurred or loss suffered by such Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution and to the extent such cost or loss is not recoverable by such Bank under clause 12.2.. 12 Unlawfulness and increased costs
Appears in 2 contracts
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each the Bank against any cost incurred or loss suffered by such Bank it as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s Commitment and/or Contribution the Facility or the Overdraft or deposits obtained by it to fund or maintain the whole or part of its Contribution the Overdraft and to the extent such cost or loss is not recoverable by such the Bank under clause 12.2.
Appears in 2 contracts
Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each the Bank against any cost incurred or loss suffered by such the Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such the Bank under clause 12.2.
Appears in 1 contract
Samples: Loan Agreement (FreeSeas Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each the Bank against any cost incurred or loss suffered by such the Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such the Bank under clause 12.2.
Appears in 1 contract
Samples: Agreement (Top Ships Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each Bank the Lender against any cost incurred or loss suffered by such Bank the Lender as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such Bank the Lender under clause 12.2Clause 12.2 (Increased cost).
Appears in 1 contract
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each Bank the Banks against any cost incurred or loss suffered by such Bank any of them as a result of its complying with the minimum reserve requirements of the relevant national central bank or the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank central bank to the extent that such compliance relates to such a Bank’s 's Commitment and/or Contribution or the Loan or part thereof or deposits obtained by it to fund or maintain the whole or part of its Contribution and to the extent such cost or loss is not recoverable by such Bank under clause 12.2Loan.
Appears in 1 contract
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each the Bank against any cost incurred or loss suffered by such the Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution the Loan or deposits obtained by it to fund the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such the Bank under clause 12.2.
Appears in 1 contract
Samples: Loan Agreement (Costamare Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each Bank the Lender against any cost incurred or loss suffered by such Bank the Lender as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such Bank the Lender under clause 12.2.Clause 12.3 (Increased costs). 62 (J18-185622/C)
Appears in 1 contract
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each the Bank against any cost incurred or loss suffered by such Bank it as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s Commitment and/or Contribution the Facility or the Overdraft or deposits obtained by it to fund or maintain the whole or part of its Contribution the Overdraft and to the extent such cost or loss is not recoverable by such the Bank under clause 12.2.
Appears in 1 contract
Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each Bank the Lender against any cost incurred or loss suffered by such Bank the Lender as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such Bank Lender under clause 12.2Clause 12.2 (Increased cost).
Appears in 1 contract
Samples: Agreement (Imperial Petroleum Inc./Marshall Islands)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each the Bank against any cost incurred or loss suffered by such Bank it as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or the Loan or deposits obtained by it to fund or maintain the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such the Bank under clause 12.2.. 37 12 Unlawfulness and increased costs
Appears in 1 contract
Samples: Agreement (NewLead Holdings Ltd.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each Bank against any cost incurred or loss suffered by such Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its that Contribution and to the extent such cost or loss is not recoverable by such Bank under clause 12.2.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each the Bank against any cost incurred or loss suffered by such the Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s the Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such the Bank under clause 12.2.
Appears in 1 contract
Samples: Loan Agreement (FreeSeas Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers Borrower shall on demand promptly indemnify each Bank against any cost incurred or loss suffered by such Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its that Contribution and to the extent such cost or loss is not recoverable by such Bank under clause 12.2.
Appears in 1 contract
Samples: Loan Agreement (StealthGas Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each Bank against any cost incurred or loss suffered by such Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or any other National Central Bank with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s 's Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its that Contribution and to the extent such cost or loss is not recoverable by such Bank under clause 12.2.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each Bank the Lender against any cost incurred or loss suffered by such Bank the Lender as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s Commitment and/or Contribution the loan or deposits obtained by it the Lender to fund the whole or part of its Contribution the Lender and to the extent such cost or loss is not recoverable by such Bank the Lender under clause 12.2.
Appears in 1 contract
Samples: Agreement (NewLead Holdings Ltd.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each Bank against any cost incurred or loss suffered by such Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such the Bank’s Commitment and/or Contribution or the Loan or deposits obtained by it to fund or maintain the whole or part of its Contribution the Loan and to the extent such cost or loss is not recoverable by such Bank under clause 12.2.
Appears in 1 contract
Samples: Loan Agreement (Poseidon Containers Holdings Corp.)
Central Bank or European Central Bank reserve requirements indemnity. The Borrowers shall on demand promptly indemnify each Bank against any cost incurred or loss suffered by such Bank as a result of its complying with the minimum reserve requirements of the European Central Bank and/or with respect to maintaining required reserves with the relevant national Central Bank to the extent that such compliance relates to such Bank’s 's Commitment and/or Contribution or deposits obtained by it to fund the whole or part of its Contribution and to the extent such cost or loss is not recoverable by such Bank under clause 12.2.
Appears in 1 contract