Increased Costs and Indemnity Clause Samples

Increased Costs and Indemnity. (a) The Borrower shall pay to the Bank any sums or expenses incurred or suffered by the Bank (for the avoidance of doubt, other than any taxes, duties, fees or other impositions of whatsoever nature referred to in Article 9.01 to the extent they have been fully paid) as a consequence of the introduction of or any change in (or in the interpretation, administration or application of) any law or regulation or compliance with any law or regulation made after the date of signature of this Contract, in accordance with or as a result of which (i) the Bank is obliged to incur additional costs in order to fund or perform its obligations under this Contract, or (ii) any amount owed to the Bank under this Contract or the financial income resulting from the granting of the Credit or the Loan by the Bank to the Borrower is reduced or eliminated. (b) Without prejudice to any other rights of the Bank under this Contract or under any applicable law, the Borrower shall indemnify and hold the Bank harmless from and against any loss incurred as a result of any payment or partial discharge that takes place in a manner other than as expressly set out in this Contract.