Common use of Indemnity on Demand Clause in Contracts

Indemnity on Demand. Subject to clause 13, the Trustee will on demand indemnify the Standby Redraw Facility Provider against any loss, cost or expenses which the Standby Redraw 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 Standby Redraw Facility Provider; or (d) (PAYMENT OF PRINCIPAL): the Standby Redraw 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 13, the Trustee will on demand indemnify the Standby Redraw Facility Provider against any loss, cost or expenses which the Standby Redraw 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 Standby Redraw Facility Provider; or (d) (PAYMENT OF PRINCIPAL): the Standby Redraw 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 13, the Trustee will on demand indemnify the Standby Redraw Facility Provider against any loss, cost or expenses which the Standby Redraw 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 Standby Redraw Facility Provider; or (d) (PAYMENT OF PRINCIPAL): the Standby Redraw 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 13, the Trustee will on demand indemnify the Standby Redraw Facility Provider against any loss, cost or expenses which the Standby Redraw 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 Standby Redraw Facility Provider; or (d) (PAYMENT OF PRINCIPAL): the Standby Redraw 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.