Common use of Indemnity from Banks Clause in Contracts

Indemnity from Banks. Each Bank and the Issuing Bank shall, in its Proportion, on demand by the Facility Agent, the Security Agent or any Arranger from time to time, indemnify the Facility Agent or, as the case may be, the Security Agent or the Arranger, against any and all fees (to the extent properly chargeable by the Facility Agent or, as the case may be, the Security Agent or the Arranger under any Finance Document but not promptly recovered from the Obligors), costs, claims and expenses and liabilities including any VAT thereon:

Appears in 3 contracts

Samples: Facilities Agreement (Tu Acquisitions PLC), Facilities Agreement (Texas Utilities Co /Tx/), Facilities Agreement (Texas Utilities Electric Co)

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Indemnity from Banks. Each Bank and the Issuing Bank shall, in its Proportion, on demand by the Facility Agent, the Security Agent Issuing Bank or any Arranger from time to time, indemnify the Facility Agent or, as the case may beAgent, the Security Agent Issuing Bank or the Arranger, against any and all fees (to the extent properly chargeable by the Facility Agent or, as the case may beAgent, the Security Agent Issuing Bank or the Arranger under any Finance Document but not promptly recovered from the Obligorsany Obligor), costs, claims and expenses and liabilities including any VAT thereon:

Appears in 1 contract

Samples: Facility Agreement (Texas Utilities Electric Co)

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