Common use of Continuing indemnities and evidence of loss Clause in Contracts

Continuing indemnities and evidence of loss. (a) Each indemnity of the Issuer contained in this agreement is a continuing obligation of the Issuer, despite: (1) any settlement of account; or (2) the occurrence of any other thing, and remains in full force and effect until: (3) all moneys owing, contingently or otherwise, under any of the Material Documents have been paid in full; and (4) the Outstanding Moneys are fully and finally repaid. (b) Each indemnity of the Issuer contained in this agreement is an additional, separate and independent obligation of the Issuer and no one indemnity limits the generality of any other indemnity. (c) Each indemnity of the Issuer contained in this agreement survives the termination of any Transaction Document. (d) A certificate under the hand of an Officer of the OF Manager detailing the amount of any damage, loss, liability, cost, charge, expense, outgoing or payment covered by any indemnity in this agreement is sufficient evidence unless the contrary is proved.

Appears in 6 contracts

Samples: Payment Funding Facility Agreement (Me Portfolio Management LTD), Facility Agreement (Me Portfolio Management LTD), Payment Funding Facility Agreement (Me Portfolio Management LTD)

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Continuing indemnities and evidence of loss. (a) Each indemnity of the Issuer contained in this agreement is a continuing obligation of the Issuer, despite: (1) any settlement of account; or (2) the occurrence of any other thing, and remains in full force and effect until: (3) all moneys owing, contingently or otherwise, under any of the Material Documents have been paid in full; and; (4) the Outstanding Moneys are fully and finally repaid. (b) Each indemnity of the Issuer contained in this agreement is an additional, separate and independent obligation of the Issuer and no one indemnity limits the generality of any other indemnity. (c) Each indemnity of the Issuer contained in this agreement survives the termination of any Transaction Document. (d) A certificate under the hand of an Officer of the OF Manager detailing the amount of any damage, loss, liability, cost, charge, expense, outgoing or payment covered by any indemnity in this agreement is sufficient evidence unless the contrary is proved.

Appears in 1 contract

Samples: Funding Facility Agreement (Me Portfolio Management LTD)

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Continuing indemnities and evidence of loss. (a) Each indemnity of the Issuer contained in this agreement is a continuing obligation of the Issuer, despite: (1) any settlement of account; or (2) the occurrence of any other thing, and remains in full force and effect until:: Payment Funding Facility (3) all moneys owing, contingently or otherwise, under any of the Material Documents have been paid in full; and (4) the Outstanding Moneys are fully and finally repaid. (b) Each indemnity of the Issuer contained in this agreement is an additional, separate and independent obligation of the Issuer and no one indemnity limits the generality of any other indemnity. (c) Each indemnity of the Issuer contained in this agreement survives the termination of any Transaction Document. (d) A certificate under the hand of an Officer of the OF Manager detailing the amount of any damage, loss, liability, cost, charge, expense, outgoing or payment covered by any indemnity in this agreement is sufficient evidence unless the contrary is proved.

Appears in 1 contract

Samples: Payment Funding Facility Agreement (Me Portfolio Management LTD)

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