Common use of INDEMNITY FOR EXPENSES Clause in Contracts

INDEMNITY FOR EXPENSES. 17.1 The Borrower shall pay to VF on demand on a full indemnity basis whether or not there is a drawing under the Facility:- (a) all funding breakage costs and/or costs in relation to arrangements incurred by VF in connection with the funding of the Loan Account Balance; (b) any stamp documentary registration and other similar duties or taxes in connection with this Agreement and/or the Security Document; (c) all costs and expenses incurred in connection with the negotiation or enforcement of this Agreement and/or the Security Document (including legal fees, charges, disbursements, survey and valuation fees, and value added tax), and (d) the Facility Fee due upon delivery of this Agreement to VF, and if the Borrower shall fail to pay when due any of the above amounts VF is entitled to debit such amounts either to the Loan Account or any other account(s) of the Borrower with VF. 17.2 The Borrower shall also indemnify VF against any loss or expense incurred by it (including all additional out of pocket expenses (of whatsoever nature and howsoever arising) and the cost of all additional management time and effort expended by VF in protecting or enforcing VF's rights and interests hereunder)as a consequence of any failure by the Borrower to pay any sum due to VF when payable. For the purposes of calculating the cost of such additional management time and effort VF shall apportion the salary costs of its personnel involved on a pro rata basis according to the time spent by such personnel in managing the Borrower's account taking account only of such time as would not have been spent by such personnel had such failure to pay not occurred.

INDEMNITY FOR EXPENSES. 17.1 The Borrower shall pay to VF on demand on a full indemnity basis whether or not there is a drawing under the Facility:- (a) all funding breakage costs and/or costs in relation to arrangements incurred by VF in connection with the funding of the Loan Account Balance; (b) any stamp documentary registration and other similar duties or taxes in connection with this Agreement and/or the Security DocumentDocuments; (c) all costs and expenses incurred in connection with the negotiation or enforcement of this Agreement and/or the Security Document Documents (including reasonably and properly incurred legal fees, charges, disbursements, survey and valuation fees, and value added tax), and (d) the Facility Fee due upon delivery of this Agreement to VF, and if the Borrower shall fail to pay when due any of the above amounts VF is entitled to debit such amounts either to the Loan Account or any other account(s) of the Borrower with VF. 17.2 The Borrower shall also indemnify VF against any loss or expense incurred by it (including all additional out of pocket expenses (of whatsoever nature and howsoever arising) and the cost of all additional management time and effort expended by VF in protecting or enforcing VF's rights and interests hereunder)as hereunder) as a consequence of any failure by the Borrower to pay any sum due to VF when payable. For the purposes of calculating the cost of such additional management time and effort VF shall apportion the salary costs of its personnel involved on a pro rata basis according to the time spent by such personnel in managing the Borrower's account taking account only of such time as would not have been spent by such personnel had such failure to pay not occurred.

INDEMNITY FOR EXPENSES. 17.1 The Borrower shall pay to VF on demand on a full indemnity basis whether or not there is a drawing under the Facility:- (a) all funding breakage costs and/or costs in relation to arrangements incurred by VF in connection with the funding of the Loan Account Balance; (b) any stamp documentary registration and other similar duties or taxes in connection with this Agreement and/or the Security Document; (c) all reasonably and properly incurred costs and expenses incurred in connection with the negotiation or enforcement of this Agreement and/or the Security Document (including reasonably and properly incurred legal fees, charges, disbursements, survey and valuation fees, and value added tax), and (d) the Facility Fee due upon delivery of this Agreement to VF, and if the Borrower shall fail to pay when due any of the above amounts VF is entitled to debit such amounts either to the Loan Account or any other account(s) of the Borrower with VF. 17.2 The Borrower shall also indemnify VF against any loss or expense incurred by it (including all additional out of pocket expenses (of whatsoever nature and howsoever arising) and the cost of all additional management time and effort expended by VF in protecting or enforcing VF's ’s rights and interests hereunder)as a consequence of any failure by the Borrower to pay any sum due to VF when payable. For the purposes of calculating the cost of such additional management time and effort VF shall apportion the salary costs of its personnel involved on a pro rata basis according to the time spent by such personnel in managing the Borrower's ’s account taking account only of such time as would not have been spent by such personnel had such failure to pay not occurred.

INDEMNITY FOR EXPENSES. 17.1 The Borrower shall pay to VF on demand on a full indemnity basis whether or not there is a drawing under the Facility:- (a) all funding breakage costs and/or costs in relation to arrangements incurred by VF in connection with the funding of the Loan Account Balance; (b) any stamp documentary registration and other similar duties or taxes in connection with this Agreement and/or the Security Document; (c) all costs and expenses incurred in connection with the negotiation or enforcement of this Agreement and/or the Security Document (including legal fees, charges, disbursements, survey and valuation fees, and value added tax), and (d) the Facility Fee due upon delivery of this Agreement to VF, and if the Borrower shall fail to pay when due any of the above amounts VF is entitled to debit such amounts either to the Loan Account or any other account(s) of the Borrower with VF. 17.2 The Borrower shall also indemnify VF against any loss or expense incurred by it (including all additional out of pocket expenses (of whatsoever nature and howsoever arising) and the cost of all additional management time and effort expended by VF in protecting or enforcing VF's ’s rights and interests hereunder)as a consequence of any failure by the Borrower to pay any sum due to VF when payable. For the purposes of calculating the cost of such additional management time and effort VF shall apportion the salary costs of its personnel involved on a pro rata basis according to the time spent by such personnel in managing the Borrower's ’s account taking account only of such time as would not have been spent by such personnel had such failure to pay not occurred.