Common use of Indemnity to the Security Agent Clause in Contracts

Indemnity to the Security Agent. The Borrowers and the Guarantor shall promptly indemnify the Security Agent and every Receiver and Delegate against any cost, loss or liability incurred by any of them as a result of:

Appears in 2 contracts

Samples: Second Supplemental Agreement to a Secured Loan Agreement (Scorpio Tankers Inc.), Secured Loan Agreement (Scorpio Tankers Inc.)

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Indemnity to the Security Agent. The Borrowers Borrower and the Guarantor shall promptly indemnify the Security Agent and every Receiver and Delegate against any cost, loss or liability incurred by any of them as a result of:

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Secured Loan Agreement (Scorpio Bulkers Inc.)

Indemnity to the Security Agent. The Borrowers Borrower and the Guarantor shall promptly indemnify the Security Agent and every Receiver and Delegate against any duly documented cost, loss or liability incurred by any of them as a result of:: (a) any failure by the Borrower to comply with their obligations under Clause 15 (Costs and Expenses);

Appears in 1 contract

Samples: Secured Term Loan Facility (DHT Holdings, Inc.)

Indemnity to the Security Agent. The Borrowers and the Guarantor Borrower shall promptly indemnify the Security Agent and every Receiver and Delegate against any cost, loss or liability incurred by any of them the Security Agent as a result of:

Appears in 1 contract

Samples: Coface Facility Agreement (Globalstar, Inc.)

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Indemnity to the Security Agent. The Borrowers Each Borrower and the each Guarantor jointly and severally shall promptly indemnify the Security Agent and every Receiver and Delegate against any cost, loss or liability incurred by any of them as a result of:

Appears in 1 contract

Samples: Secured Loan Agreement (Performance Shipping Inc.)

Indemnity to the Security Agent. The Borrowers and the Guarantor Borrower shall promptly indemnify the Security Agent and every Receiver and Delegate against any cost, loss or liability incurred by any of them it as a result of: (a) the taking, holding, protection or enforcement of any Transaction Security; (b) the exercise of any rights, powers, discretion and remedies vested in the Security Agent and each Delegate by the Finance Documents or by law; and

Appears in 1 contract

Samples: Term Facility Agreement (CGG Veritas)

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