Lenders’ Liabilities for Costs. If the Borrower fails to perform any of its obligations under this Clause 27 (Costs and Expenses), each Lender will, in proportion to its aggregate participation in the Advances (or, if no Advances have been made, the Facility) for the time being (or, if the Advances have been repaid in full, immediately prior to the final repayment), indemnify the Agent (or as the case may be the Security Agent) against any loss incurred by it as a result of the failure and the Borrower will immediately reimburse each Lender for any payment made by it pursuant to this Clause 27.5 (Lenders’ Liabilities for Costs).
Appears in 4 contracts
Samples: Account Pledge Agreement, Account Pledge Agreement (Mercer International Inc), Account Pledge Agreement (Mercer International Inc.)
Lenders’ Liabilities for Costs. If the Borrower fails to perform any of its obligations under this Clause 27 (Costs and Expenses), each Lender will, in proportion to its aggregate participation in the Advances (or, if no Advances have been made, the Facility) for the time being (or, if the Advances have been repaid in full, immediately prior to the final repayment), indemnify the Agent (or as the case may be the Security Agent) against any loss incurred by it as a result of the failure and the Borrower will immediately reimburse each Lender for any payment made by it pursuant to this Clause 27.5 (Lenders’ Liabilities for Costs).
Appears in 1 contract
Samples: Mercer International Inc.
Lenders’ Liabilities for Costs. If the Borrower fails to perform any of its obligations under this Clause 27 (Costs and Expenses), each Lender will, in proportion to its aggregate participation in the Advances (or, if no Advances have been made, the Facility) for the time being (or, if the Advances have been repaid in full, immediately prior to the final repayment), indemnify the Agent (or as the case may be the Security Agent) against any loss incurred by it as a result of the failure and the Borrower will immediately reimburse each Lender for any payment made by it pursuant to this Clause 27.5 (Lenders’ ' Liabilities for Costs).
Appears in 1 contract
Samples: Account Pledge Agreement (Mercer International Inc)
Lenders’ Liabilities for Costs. If the Borrower fails to perform any of its obligations under this Clause 27 24 (Costs and Expenses), each Lender will, in proportion to its aggregate participation in the Advances (or, if no Advances have been made, the Facility) for the time being (or, if the Advances have been repaid in full, immediately prior to the final repayment), indemnify the Agent (or as the case may be the Security Agent) against any loss incurred by it as a result of the failure and the Borrower will immediately reimburse each Lender for any payment made by it pursuant to this Clause 27.5 24.5 (Lenders’ Liabilities for Costs).
Appears in 1 contract
Samples: Mercer International Inc.
Lenders’ Liabilities for Costs. If the Borrower fails to perform any of its obligations under this Clause 27 24 (Costs and Expenses), each Lender will, in proportion to its aggregate participation in the Advances (or, if no Advances have been made, the Facility) for the time being (or, if the Advances have been repaid in full, immediately prior to the final repayment), indemnify the Agent (or as the case may be the Security Agent) against any loss incurred by it as a result of the failure and the Borrower will immediately reimburse each Lender for any payment made by it pursuant to this Clause 27.5 24.5 (Lenders’ Liabilities for Costs) (unless the Agent (or as the case may be the Security Agent) has been reimbursed by the Borrower pursuant to a Financing Document).
Appears in 1 contract