Common use of Funding cost Clause in Contracts

Funding cost. an amount sufficient to indemnify such Paying Agent against any cost, loss or expense which it incurs as a result of making such payment and not receiving reimbursement of such amount; provided, however, that any payment made under sub-clause 7.5.1 (Reimbursement by Issuer - Unfunded amount) shall satisfy pro tanto the Issuer’s obligations under Clause 6.1 (Issuer to pay Fiscal Agent).

Funding cost. an amount sufficient to indemnify such Paying Agent against any cost, loss or expense which it incurs as a result of making such payment and not receiving reimbursement of such amount; provided, however, that any payment made under sub-clause 7.5.1 (Reimbursement by Issuer - Unfunded amount) shall satisfy pro tanto the Issuer’s 's obligations under Clause 6.1 (Issuer to pay Fiscal Agent).