Common use of No Brokerage Fees Clause in Contracts

No Brokerage Fees. No brokerage or other fee, commission or compensation is to be paid by Borrower to any Person in connection with the loans to be made hereunder. Borrower hereby indemnifies Lender against any claims brought against Lender for brokerage fees or commissions of any Person based on an agreement with Borrower and agrees to pay all expenses incurred by Lender in connection with the defense of any action or proceeding brought to collect any such brokerage fees or commissions.

Appears in 2 contracts

Samples: Loan and Security Agreement (Focal Communications Corp), Loan and Security Agreement (GST Telecommunications Inc)

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No Brokerage Fees. No brokerage or other fee, commission or compensation is to be paid by Borrower to any Person other than Lender in connection with the loans to be made hereunder. Borrower hereby indemnifies Lender against any claims brought against Lender for brokerage fees or commissions of any Person based on an agreement with Borrower and agrees to pay all expenses incurred by Lender in connection with the defense of any action or proceeding brought to collect any such brokerage fees or commissions.

Appears in 2 contracts

Samples: Equipment Loan and Security Agreement (Econophone Inc), Equipment Loan and Security Agreement (Econophone Inc)

No Brokerage Fees. No brokerage or other fee, commission or compensation is to be paid by any Borrower to any Person other than Lender in connection with the loans to be made hereunder. Borrower Destia hereby indemnifies Lender against any claims brought against Lender for brokerage fees or commissions of any Person based on an agreement with any Borrower and agrees to pay all expenses incurred by Lender in connection with the defense of any action or proceeding brought to collect any such brokerage fees or commissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Viatel Inc)

No Brokerage Fees. No Other than as described in this Agreement, no brokerage or other fee, commission or compensation is to be paid by Borrower to any Person in connection with the loans to be made hereunder. Borrower hereby indemnifies Lender against any claims brought against Lender for brokerage fees or commissions of any Person based on an a written agreement with Borrower and agrees to pay all reasonable expenses actually incurred by Lender in connection with the defense of any action or proceeding brought to collect any such brokerage fees or commissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Startec Global Communications Corp)

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No Brokerage Fees. No brokerage or other fee, commission or compensation is to be paid by Borrower or Guarantor to any Person in connection with the loans to be made hereunder. Each of Borrower and Guarantor hereby indemnifies Lender against any claims brought against Lender for brokerage fees or commissions of any Person based on an agreement with Borrower or Guarantor and agrees to pay all expenses incurred by Lender in connection with the defense of any action or proceeding brought to collect any such brokerage fees or commissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Ixc Communications Inc)

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