Common use of Indemnity of Borrower Clause in Contracts

Indemnity of Borrower. The Borrower agrees to indemnify each Bank and to hold each Bank harmless from and against any loss, cost or expense that such Bank may sustain or incur as a consequence of (a) default by the Borrower in payment of the principal amount of or any interest on any Eurodollar Rate Loans as and when due and payable, including any such loss or expense arising from interest or fees payable by such Bank to lenders of funds obtained by it in order to maintain its Eurodollar Rate Loans, or (b) default by the Borrower in making a borrowing or conversion after the Borrower has given (or is deemed to have given) a Loan Request or a Conversion Request (excluding, however, any Loan Request that pursuant to Section 2.6 may be revoked without penalty and the deemed withdrawal of a Loan Request pursuant to Section 4.6), or (c) default by the Borrower in making the payments or performing its obligations under Sections 4.8, 4.9, 4.10, 4.12 or 4.13.

Indemnity of Borrower. The Borrower agrees to indemnify each Bank and to hold each Bank harmless from and against any loss, cost or expense that such Bank may sustain or incur as a consequence of (a) default by the Borrower in payment of the principal amount of or any interest on any Eurodollar Rate Loans as and when due and payable, including any such loss or expense arising from interest or fees payable by such Bank to lenders of funds obtained by it in order to maintain its Eurodollar Rate Loans, or (b) default by the Borrower in making a borrowing or conversion after the Borrower has given (or is deemed to have given) a Loan Request or a Conversion Request (excluding, however, any Loan Request that pursuant to Section 2.6 may be revoked without penalty and the deemed withdrawal of a Loan Request pursuant to Section 4.6), or (c) default by the Borrower in making the payments or performing its obligations under Sections Section Section 4.8, 4.9, 4.10, 4.12 or 4.13.