Common use of Indemnity on Demand Clause in Contracts

Indemnity on Demand. Subject to clause 15, the Trustee will on demand indemnify the Liquidity Facility Provider against any loss, cost or expenses which the Liquidity Facility Provider may sustain or incur as a consequence of: (a) (OVERDUE SUMS): any sum payable by the Trustee under this Agreement not being paid when due; (b) (EVENT OF DEFAULT): the occurrence of any Event of Default; (c) (FAILURE TO PROVIDE ADVANCE): an Advance requested in a Drawdown Notice not being provided for any reason including failure to fulfil any condition precedent but excluding any matter within the control of the Liquidity Facility Provider; or (d) (PAYMENT OF PRINCIPAL): the Liquidity Facility Provider receiving payments of principal other than on the Quarterly Distribution Date immediately following the last day of the relevant Interest Period for any reason.

Indemnity on Demand. Subject to clause 15, the Trustee will on demand indemnify the Liquidity Facility Provider against any loss, cost or expenses which the Liquidity Facility Provider may sustain or incur as a consequence of: (a) (OVERDUE SUMS): any sum payable by the Trustee under this Agreement not being paid when due; (b) (EVENT OF DEFAULT): the occurrence of any Event of Default; (c) (FAILURE TO PROVIDE ADVANCE): an Advance requested in a Drawdown Notice not being provided for any reason including failure to fulfil any condition precedent but excluding any matter within the control of the Liquidity Facility Provider; or (d) (PAYMENT OF PRINCIPAL): the Liquidity Facility Provider receiving payments of principal other than on the Quarterly Monthly Distribution Date immediately following the last day of the relevant Interest Period for any reason.

Indemnity on Demand. Subject to clause 15, the Trustee will on demand indemnify the Liquidity Facility Provider against any loss, cost or expenses which the Liquidity Facility Provider may sustain or incur as a consequence of: (a) (OVERDUE SUMSOverdue sums): any sum payable by the Trustee under this Agreement not being paid when due; (b) (EVENT OF DEFAULTEvent of Default): the occurrence of any Event of Default; (c) (FAILURE TO PROVIDE ADVANCEFailure to provide Advance): an Advance requested in a Drawdown Notice not being provided for any reason including failure to fulfil any condition precedent but excluding any matter within the control of the Liquidity Facility Provider; or (d) (PAYMENT OF PRINCIPALPayment of principal): the Liquidity Facility Provider receiving payments of principal other than on the Quarterly Distribution Date immediately following the last day of the relevant Interest Period for any reason.

Indemnity on Demand. Subject to clause 15, the Trustee will on demand indemnify the Liquidity Facility Provider against any loss, cost or expenses which the Liquidity Facility Provider may sustain or incur as a consequence of: (a) (OVERDUE SUMS): any sum payable by the Trustee under this Agreement not being paid when due; (b) (EVENT OF DEFAULT): the occurrence of any Event of Default; (c) (FAILURE TO PROVIDE ADVANCE): an Advance requested in a Drawdown Notice not being provided for any reason including failure to fulfil any condition precedent but excluding any matter within the control of the Liquidity Facility Provider; or (d) (PAYMENT OF PRINCIPAL): the Liquidity Facility Provider receiving payments of principal other than on the Quarterly Distribution Date immediately following the last day of the relevant Interest Period for any reason.