Common use of Central Bank or European Central Clause in Contracts

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.

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 that Contribution and to the extent such cost or loss is not recoverable by such Bank under clause 12.2.

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 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.