Common use of Indemnity Relating to Credits Clause in Contracts

Indemnity Relating to Credits. Upon notice from the Agent to the Borrowers (which notice shall be accompanied by a detailed calculation of the amount to be paid by the Borrowers), the Borrowers shall pay to the Agent or the Lenders such amount or amounts as will compensate the Agent or the Lenders for any loss, cost or expense incurred by them:

Appears in 3 contracts

Samples: Credit Agreement (Vitran Corp Inc), Credit Agreement (Vitran Corp Inc), Credit Agreement (Vitran Corp Inc)

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Indemnity Relating to Credits. Upon notice from the Agent to the Borrowers Borrower (which notice shall be accompanied by a detailed calculation of the amount to be paid by the BorrowersBorrower), the Borrowers Borrower shall pay to the Agent or the Lenders such amount or amounts as will compensate the Agent or the Lenders for any loss, cost or expense incurred by themthem in the liquidation or redeposit of any funds acquired by the Lenders to fund or maintain any portion of a LIBOR Loan as a result of:

Appears in 2 contracts

Samples: Term Credit Agreement (Potash Corp of Saskatchewan Inc), Term Credit Agreement (Potash Corporation of Saskatchewan Inc)

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Indemnity Relating to Credits. Upon notice from the Administrative Agent to the Borrowers (which notice shall be accompanied by a detailed calculation of the amount to be paid by the Borrowers), the Borrowers shall pay to the Administrative Agent or the Lenders such amount or amounts as will compensate the Administrative Agent or the Lenders for any loss, cost or expense incurred by them:

Appears in 1 contract

Samples: Credit Agreement (Breakwater Resources LTD)

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