Common use of Indemnity concerning security Clause in Contracts

Indemnity concerning security. (a) The Borrower shall (or shall procure that another Obligor will) promptly indemnify each Indemnified Person against any and all Losses (together with any applicable VAT) incurred by it (otherwise than by reason of that Indemnified Person's gross negligence or wilful default) as a result of:

Appears in 2 contracts

Samples: Agreement (Danaos Corp), reportify-1252068037.cos.ap-beijing.myqcloud.com

AutoNDA by SimpleDocs

Indemnity concerning security. (a) The Borrower shall (or shall procure that another Obligor will) promptly indemnify each Indemnified Person against any and all Losses (together with any applicable VAT) incurred by it (otherwise than by reason of that Indemnified Person's ’s gross negligence or wilful default) as a result of:

Appears in 1 contract

Samples: Agreement (Danaos Corp)

AutoNDA by SimpleDocs

Indemnity concerning security. (a) The Borrower shall (or shall procure that another Obligor will) shall promptly indemnify each Indemnified Person against any and all Losses (together with any applicable VAT) incurred by it (otherwise than by reason of that Indemnified Person's gross negligence or wilful default) as a result of:

Appears in 1 contract

Samples: Facility Agreement (Hoegh LNG Partners LP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!