Mitigation of Losses and Costs. Any Bank claiming reimbursement from the Borrower under any of Sections 3.4, 3.7, 4.1 and 4.3 hereof shall use reasonable efforts (including, without limitation, if requested by the Borrower, reasonable efforts to designate a different lending office of such Bank) to mitigate the amount of such losses, costs, expenses and liabilities, if such efforts can be made and such mitigation can be accomplished without such Bank suffering (i) any economic disadvantage for which such Bank does not receive full indemnity from the Borrower under this Agreement or (ii) any legal or regulatory disadvantage.
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Samples: Credit Agreement (Centerpoint Energy Houston Electric LLC), Credit Agreement (Centerpoint Energy Houston Electric LLC), Credit Agreement (Centerpoint Energy Houston Electric LLC)
Mitigation of Losses and Costs. Any Bank claiming reimbursement from the Borrower under any of Sections 3.44.05, 3.74.08, 4.1 5.01 and 4.3 5.03 hereof shall use reasonable efforts (including, without limitation, if requested by the Borrower, reasonable efforts to designate a different lending office Applicable Lending Office of such Bank) to mitigate the amount of such losses, costs, expenses and liabilities, if such efforts can be made and such mitigation can be accomplished without such Bank suffering (ia) any economic disadvantage for which such Bank does not receive full indemnity from the Borrower under this Agreement or (iib) any legal or regulatory disadvantage.
Appears in 2 contracts
Samples: Revolving Credit and Competitive Advance Facilities Agreement (Reliant Energy Inc), Revolving Credit Agreement (Reliant Energy Resources Corp)
Mitigation of Losses and Costs. Any Bank claiming reimbursement from the Borrower under any of Sections 3.44.4, 3.74.7, 4.1 5.1 and 4.3 5.3 hereof shall use reasonable efforts (including, without limitation, if requested by the Borrower, reasonable efforts to designate a different lending office of such Bank) to mitigate the amount of such losses, costs, expenses and liabilities, if such efforts can be made and such mitigation can be accomplished without such Bank suffering (ia) any economic disadvantage for which such Bank does not receive full indemnity from the Borrower under this Agreement or (iib) any legal or regulatory disadvantage.
Appears in 2 contracts
Samples: Credit Agreement (Centerpoint Energy Inc), Credit Agreement (Centerpoint Energy Houston Electric LLC)
Mitigation of Losses and Costs. (a) Any Bank claiming reimbursement from the Borrower under any of Sections 3.44.4, 3.74.7, 4.1 5.1 and 4.3 5.3 hereof shall use reasonable efforts (including, without limitation, if requested by the Borrower, reasonable efforts to designate a different lending office of such Bank) to mitigate the amount of such losses, costs, expenses and liabilities, if such efforts can be made and such mitigation can be accomplished without such Bank suffering (i) any economic disadvantage for which such Bank does not receive full indemnity from the Borrower under this Agreement or (ii) any legal or regulatory disadvantage.
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