INDEMNIFICATION WITH RESPECT TO GOVERNMENT OBLIGATIONS. If the Borrower shall elect to cause Government Obligations to be deposited with the Trustee pursuant to Section 1301 of the Trust Agreement, the Borrower shall pay and shall indemnify and hold harmless the Trustee, the Authority and each holder of the Bonds against any tax, fee or other charge imposed upon or assessed against such Government Obligations or the principal thereof, or premium, if any, and interest received thereon.
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Samples: Loan Agreement (Maxxam Inc), Loan Agreement (Maxxam Inc), Loan and Guaranty Agreement (Doral Financial Corp)
INDEMNIFICATION WITH RESPECT TO GOVERNMENT OBLIGATIONS. If the Borrower shall elect to cause Government Obligations to be deposited with the Trustee pursuant to Section 1301 of the Trust Agreement, the Borrower shall pay and shall indemnify and hold harmless the Trustee, the Authority Authority, the Letter of Credit Bank and each holder of the Bonds Bondholder against any tax, fee or other charge imposed upon or assessed against such Government Obligations or the principal thereof, or premium, if any, and interest received thereon.
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Samples: Loan Agreement (WMS Hotel Corp)
INDEMNIFICATION WITH RESPECT TO GOVERNMENT OBLIGATIONS. If the Borrower shall elect to cause Government Obligations to be deposited with the Trustee pursuant to Section 1301 of the Trust Agreement, the Borrower shall pay and shall indemnify and hold harmless the Trustee, the Authority Authority, and each holder of the Bonds Bondholder against any tax, fee or other charge imposed upon or assessed against such Government Obligations or the principal thereof, or premium, if any, and interest received thereon.
Appears in 1 contract
