Common use of Indemnity for Funding Losses Clause in Contracts

Indemnity for Funding Losses. The Company will indemnify each Bank upon demand against any loss or expense which such Bank may sustain or incur, including, without limitation, any loss or expense sustained or incurred in obtaining, liquidating or employing deposits or other funds acquired to effect funding or maintain a Loan, as a consequence of (i) any failure of the Company to borrow any Loan on the date specified therefor in the notice of borrowing with respect to such Loan, (ii) any failure of the Company to make any payment when due of any amount due hereunder or under any Note in connection with any Loan, or (iii) any payment or prepayment of any Eurodollar Loan on a date other than the last day of the Interest Period for such Loan. The Company's foregoing obligations shall survive termination of this Agreement.