Funding costs. The Borrower shall indemnify the Finance Parties from time to time on demand against all losses and costs incurred or sustained by any Finance Party if, for any reason due to a default or other action by the Borrower, any Drawing is not advanced to the Borrower after the relevant Drawdown Notice has been given to the Agent, or is advanced on a date other than that requested in the Drawdown Notice, including (without limitation) any Break Costs.
Appears in 7 contracts
Samples: Loan Facility Agreement, Loan Facility Agreement (Gulfmark Offshore Inc), Loan Facility Agreement (Gulfmark Offshore Inc)
Funding costs. The Borrower shall indemnify the Lender Finance Parties from time to time on demand against all losses and costs incurred or sustained by any Lender Finance Party if, for any reason due to a default Potential Event of Default or other action by the Borrower, any Drawing is not advanced to the Borrower after the relevant Drawdown Notice has been given to the Agent, or is advanced on a date other than that requested in the Drawdown Notice, including (without limitation) ), any Break Costs.
Appears in 4 contracts
Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
Funding costs. The Borrower shall indemnify the Finance Parties from time to time on demand against all losses and costs incurred or sustained by any Finance Party if, for any reason due to a default or other action by the Borrower, any Drawing is not advanced to the Borrower or an LC issued after the relevant Drawdown Notice or Issue Request has been given to the Agent, or is advanced or issued (as the case may be) on a date other than that requested in the Drawdown NoticeNotice or Issue Request, including (without limitation) any Break Costs.
Appears in 2 contracts
Samples: First Supplemental Agreement (Gulfmark Offshore Inc), Gulfmark Offshore Inc
Funding costs. The Borrower Borrowers shall indemnify the Finance Parties from time to time on demand against all losses and costs incurred or sustained by any Finance Party if, for any reason due to a default or other action by the BorrowerBorrowers, any Drawing is not advanced to the Borrower Borrowers after the relevant Drawdown Notice has been given to the Agent, or is advanced on a date other than that requested in the Drawdown Notice, including (without limitation) ), any Break Costs.
Appears in 1 contract
Samples: Agreement (Teekay LNG Partners L.P.)
Funding costs. The Borrower shall indemnify the Finance Parties from time to time on demand against all losses and costs incurred or sustained by any Finance Party if, for any reason due to a default or other action by the Borrowerreason, any Drawing is not advanced to the Borrower after the relevant Drawdown Notice has been given to the Agent, or is advanced on a date other than that requested in the Drawdown NoticeNotice (unless, in either case, as a result of any default by the Finance Parties) including (without limitation) any Break Costs.
Appears in 1 contract
