Common use of Documentary Credit Indemnities Clause in Contracts

Documentary Credit Indemnities. (a) The relevant Borrower shall within 3 Business Days of demand indemnify the L/C Bank against any cost, loss or liability incurred by the L/C Bank (otherwise than by reason of the L/C Bank’s gross negligence or wilful misconduct) in acting as the L/C Bank under any Documentary Credit requested by such Borrower provided that this indemnity shall not take effect until the Merger Closing Date.

Documentary Credit Indemnities. (a) The relevant Borrower shall within 3 Business Days of demand indemnify the an L/C Bank against any cost, loss or liability incurred by the such L/C Bank (otherwise than by reason of the such L/C Bank’s gross negligence negligence, wilful misconduct or wilful misconductbreach of the terms of this Agreement) in acting as the an L/C Bank under any Documentary Credit requested by such Borrower provided that this indemnity shall not take effect until the Merger Closing DateBorrower.

Documentary Credit Indemnities. (a) The relevant A Borrower shall within 3 Business Days of demand indemnify the an L/C Bank against any cost, loss or liability incurred by the such L/C Bank (otherwise than by reason of the such L/C Bank’s gross negligence negligence, wilful misconduct or wilful misconductbreach of the terms of this Agreement) in acting as the an L/C Bank under any Documentary Credit requested by such Borrower provided that this indemnity shall not take effect until the Merger Closing DateBorrower.

Documentary Credit Indemnities. (a) The relevant Borrower shall within 3 Business Days of demand indemnify the L/C Bank against any cost, loss or liability incurred by the L/C Bank (otherwise than by reason of the L/C Bank’s gross negligence or wilful misconduct) in acting as the L/C Bank under any Documentary Credit requested by such the Borrower provided that this indemnity shall not take effect until the Merger Closing Date.

Documentary Credit Indemnities. (a) The relevant Borrower shall within 3 Business Days of demand indemnify the L/C Bank against any cost, loss or liability incurred by the L/C Bank (otherwise than by reason of the L/C Bank’s Banks gross negligence or wilful misconduct) in acting as the L/C Bank under any Documentary Credit requested by such Borrower provided that this indemnity shall not take effect until the Merger Closing Date.

Documentary Credit Indemnities. (a) The relevant Borrower shall within 3 Business Days of demand indemnify the an L/C Bank against any cost, loss or liability incurred by the such L/C Bank (otherwise than by reason of the such L/C Bank’s gross negligence negligence, wilful misconduct or wilful misconduct56 63529049_1 breach of the terms of this Agreement) in acting as the an L/C Bank under any Documentary Credit requested by such Borrower provided that this indemnity shall not take effect until the Merger Closing DateBorrower.