Common use of Indemnity in Certain Events Clause in Contracts

Indemnity in Certain Events. The obligation of the Borrowers in respect of any sum due from the Borrowers to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 14 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

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Indemnity in Certain Events. The obligation of the Borrowers each Borrower in respect of any sum due from the Borrowers such Borrower to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower agrees, with respect to Loans incurred and requests therefor made by such Borrower, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 4 contracts

Samples: Credit Agreement (Assured Guaranty LTD), Credit Agreement (Assured Guaranty LTD), Credit Agreement (Assured Guaranty LTD)

Indemnity in Certain Events. The obligation of the Borrowers each Borrower in respect of any sum due from the Borrowers such Borrower to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 2 contracts

Samples: Credit Agreement (Assured Guaranty LTD), Credit Agreement (Ace LTD)

Indemnity in Certain Events. The obligation of the Borrowers in respect of any sum due from the Borrowers to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower agreesthe Borrowers agree, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 2 contracts

Samples: Credit Agreement (Glatfelter P H Co), Credit Agreement (Glatfelter P H Co)

Indemnity in Certain Events. The obligation of the Borrowers in respect of any sum due from the Borrowers to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following 77 receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

Indemnity in Certain Events. The obligation of the Borrowers any Borrower in respect of any sum due from the Borrowers such Borrower to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally that would have been due to such Bank in the Original Currency as of the effective date of the judgment in the Other Currency, each the applicable Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Indemnity in Certain Events. The obligation of the Borrowers Borrower --------------------------- in respect of any sum due from the Borrowers Borrower to any Bank hereunder Lender under this Agreement shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank Lender of any sum adjudged to be so due in such Other Currency, such Bank Lender may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank Lender in the Original Currency, each the Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank Lender against such loss.

Appears in 1 contract

Samples: Credit Agreement (Igate Capital Corp)

Indemnity in Certain Events. The obligation of the Borrowers Borrower in respect of any sum due from the Borrowers Borrower to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other 109 Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

Indemnity in Certain Events. The obligation of the Borrowers Borrower in --------------------------- respect of any sum due from the Borrowers Borrower to any Bank Lender hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank Lender of any sum adjudged to be so due in such Other Currency, such Bank Lender may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank Lender in the Original Currency, each the Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank Lender against such loss.

Appears in 1 contract

Samples: Credit Agreement (Mastech Corp)

Indemnity in Certain Events. The obligation of the Borrowers Borrower in respect of any sum due from the Borrowers Borrower to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower Xxxxxxxx agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

Indemnity in Certain Events. The obligation of the Borrowers Borrower in respect of any sum due from the Borrowers Borrower to any Bank hereunder shall, ,notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

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Indemnity in Certain Events. The obligation of the Borrowers Borrower in respect of any sum due from the Borrowers Borrower to any Bank hereunder in a particular Optional Currency shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 1 contract

Samples: Credit Agreement (Viasys Healthcare Inc)

Indemnity in Certain Events. The obligation of the Borrowers Borrower in respect of any sum due from the Borrowers Borrower to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.”

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc /)

Indemnity in Certain Events. The obligation of the Borrowers Borrower in respect of any sum due from the Borrowers Borrower to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower Xxxxxxxx agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.. 126 270034751 270134563

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

Indemnity in Certain Events. The obligation of the Borrowers in respect of any sum due from the Borrowers Borrower to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking lending procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each the Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Indemnity in Certain Events. The obligation of the Borrowers in respect of any sum due from the Borrowers them to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each the applicable Borrower agrees, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.

Appears in 1 contract

Samples: Credit Agreement (Commercial Intertech Corp)

Indemnity in Certain Events. The obligation of the Borrowers in respect of any sum due from the Borrowers a Borrower to any Bank hereunder shall, notwithstanding any judgment in an Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day following receipt by any Bank of any sum adjudged to be so due in such Other Currency, such Bank may in accordance with normal banking lending procedures purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is less than the sum originally due to such Bank in the Original Currency, each Borrower agreesthe Borrowers agree, as a separate obligation and notwithstanding any such judgment or payment, to indemnify such Bank against such loss.. 5.14

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

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