Hedge indemnity Sample Clauses

Hedge indemnity. The Borrower irrevocably agrees to indemnify the Finance Parties in respect of and against: 23.7.1 any sum payable by any Finance Party to a counterparty under any Hedge upon complete or partial termination prior to stated maturity, for any reason, of that Hedge: and 23.7.2 any cost, claim, loss, expense, or liability incurred by any Finance Party in respect of any Hedge occurring as a result of any Obligor repaying an Advance or any part of it (or any other Secured Obligation) on any date other than its scheduled date for repayment.
Sample 1
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Hedge indemnity. Except as provided in any Hedge Arrangement, the Borrower shall promptly indemnify each Counterparty against: (i) any sum payable by it to that Counterparty under any Hedge Arrangement upon complete or partial termination prior to stated maturity, for any reason, of that Hedge Arrangement; and (ii) any cost, claim, loss, expense or liability incurred by any Finance Party in respect of any Hedge Arrangement occurring as a result of the Borrower repaying a Utilisation or any part of it (or any other Secured Obligation) on any date other than its scheduled date for payment.
Sample 1

Related to Hedge indemnity

  • Currency Indemnity (a) If any sum due from an Obligor under the Finance Documents (a “Sum”), or any order, judgment or award given or made in relation to a Sum, has to be converted from the currency (the “First Currency”) in which that Sum is payable into another currency (the “Second Currency”) for the purpose of: (i) making or filing a claim or proof against that Obligor; (ii) obtaining or enforcing an order, judgment or award in relation to any litigation or arbitration proceedings, that Obligor shall as an independent obligation, within three Business Days of demand, indemnify each Finance Party to whom that Sum is due against any cost, loss or liability arising out of or as a result of the conversion including any discrepancy between (A) the rate of exchange used to convert that Sum from the First Currency into the Second Currency and (B) the rate or rates of exchange available to that person at the time of its receipt of that Sum. (b) Each Obligor waives any right it may have in any jurisdiction to pay any amount under the Finance Documents in a currency or currency unit other than that in which it is expressed to be payable.

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