Foreign Exchange Costs Sample Clauses

Foreign Exchange Costs. Upon demand of any Issuing Bank (with a copy to the Administrative Agent) from time to time, the Parent shall compensate such Issuing Bank for and hold such Issuing Bank harmless from any loss, cost or expense incurred by it as a result of any payment by any Borrower to reimburse drawings made under any Foreign Currency L/C in a currency other than the Foreign Currency in which such Foreign Currency L/C is denominated, including any foreign exchange losses and any loss or expense arising from the performance of any foreign exchange contract.

Foreign Exchange Costs. The source and origin of goods and services to be financed in foreign exchange out of the Conditional Grant will be the United States (Code 000), except as ICICI may otherwise agree in writing.

Foreign Exchange Costs. The Borrower acknowledges that, in connection with the transactions contemplated by this Agreement, including the issuance of any Letter of Credit as contemplated hereby, the Lenders may incur (i) certain costs and expenses in connection with the exchange of currency of the United States into currency of any foreign jurisdiction or (ii) suffer certain losses in connection with the exchange of currency of any foreign jurisdiction into currency of the United States (in each case, a “Foreign Exchange Loss”). Without limiting the generality of the foregoing, the Borrower further acknowledges that the Lenders may be required to collateralize any Support Agreement entered into with any LC Issuer by depositing funds with such LC Issuer that will be exchanged for currency of the jurisdiction of such LC Issuer and, in the event that the Letter of Credit relating thereto shall expire without being drawn, such foreign currency will be returned to the Lenders in currency of the United States based on the then applicable foreign exchange rate, in which case the Lenders may suffer a Foreign Exchange Loss. The Borrower shall indemnify the Lenders from and against, and pay and reimburse the Lenders for, promptly upon written demand, any and all Foreign Exchange Losses suffered or incurred by the Lenders from time to time. In the event that the Borrower shall fail to indemnify, pay or reimburse the Lenders for any such Foreign Exchange Loss upon demand therefor, the amount then due shall bear interest on a daily basis, and the Borrower shall pay interest thereon, at the Per Diem Default Rate until such amount shall have been paid in full. The Lenders agree that if, in connection with the issuance of any Letter of Credit (including the return to the Lenders of funds deposited or paid by them under Support Agreements for the purpose of causing to be issued such Letter of Credit), they shall receive a foreign exchange gain arising out of the exchange of any foreign currency into the currency of the United States, the Lenders shall, as soon as reasonably practicable following the receipt of such gain, deliver to the Borrower the full amount of such gain (net of expenses).