Obligors’ indemnity Sample Clauses

Obligors’ indemnity. Each Obligor shall promptly indemnify the relevant Agent and the Proceeds Agent against any cost, loss or liability (together with any applicable VAT) incurred by any of them: (A) in relation to or as a result of: (i) any failure by KEL or KEFI to comply with obligations under Clause 14 (COSTS AND EXPENSES); (ii) the taking, holding, protection or enforcement of the Transaction Security; (iii) the exercise of any of the rights, powers, discretions and remedies vested in the relevant Agent by the Finance Documents or by law; or (iv) any default by any Obligor in the performance of any of the obligations expressed to be assumed by it in the Finance Documents; or (B) which otherwise relates to any of the Secured Property or the performance of the terms of this Agreement (otherwise than as a result of its gross negligence or wilful misconduct). Each Obligor expressly acknowledges and agrees that the continuation of its indemnity obligations under this Clause 15.1 (Obligors’ indemnity) will not be prejudiced by any release or disposal under Clause 8.1 (Distressed Disposals) taking into account the operation of Clause 8.1.

Obligors’ indemnity. Each Obligor shall promptly indemnify the Security and Intercreditor Agent and every Receiver and Delegate against any cost, loss or liability (together with any applicable VAT) incurred by any of them: (A) in relation to or as a result of: (i) any failure by the Company to comply with obligations under clause 30 (Costs and Expenses); (ii) the taking, holding, protection or enforcement of any Transaction Security from time to time; (iii) the exercise of any of the rights, powers, discretions and remedies vested in the Security and Intercreditor Agent, each Receiver and each Delegate by the Finance Documents or by law; or (iv) any default by any Obligor in the performance of any of the obligations expressed to be assumed by it in the Finance Documents; or (B) which otherwise relates to any of the Secured Property or the performance of the terms of this Agreement (otherwise than as a result of its gross negligence or wilful misconduct).

Obligors’ indemnity. If the HK dollars purchased pursuant to this clause are less than the sum originally due to the Claiming Party, such Obligor agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Claiming Party against such loss.

Obligors’ indemnity. Without limiting Clause 5.1, the Obligors shall, as their joint and several obligation, indemnify each Finance Party and hold it harmless from and against all claims, demands, actions, losses, liabilities, damages, costs, expenses, fees, commissions, charges and other sums of whatsoever nature (including legal fees and expenses on a full indemnity basis) which it may incur or pay in connection with any Letter of Credit (otherwise than by such Finance Party’s fraud, misconduct or negligence). No Obligor will be entitled to any right of contribution or indemnity from any Finance Party in respect of any payment made to it under this Clause 5.

Obligors’ indemnity. Each Obligor shall promptly indemnify the Security and Intercreditor Agent and every Receiver and Delegate against any cost, loss or liability (together with any applicable VAT) incurred by any of them: (A) in relation to or as a result of:

Obligors’ indemnity. Each Obligor shall promptly indemnify the Security Trustee and every Receiver and Delegate against any cost, loss or liability (together with any applicable VAT) incurred by any of them: (a) in relation to or as a result of: (i) any failure by the Borrower to comply with obligations under Clause 15 (Costs and Expenses); (ii) the taking, holding, protection or enforcement of the Transaction Security; (iii) the exercise of any of the rights, powers, discretions and remedies vested in the Security Trustee, each Receiver and each Delegate by the Finance Documents or by law; or (iv) any default by any Obligor in the performance of any of the obligations expressed to be assumed by it in the Finance Documents; or (b) which otherwise relates to any of the Security Property or the performance of the terms of this Agreement (otherwise than as a result of its gross negligence or wilful misconduct and in the case of the Security Trustee under the Onshore Security Assignment as a result of its breach of trust or the duty of care and diligence required of it as trustee under this Agreement). Each Obligor expressly acknowledges and agrees that the continuation of its indemnity obligations under this Clause 16.1 (Obligors’ indemnify) will not be prejudiced by any release or disposal under Clause 10.2 (Distressed Disposals) taking into account the operation of that Clause 10.2.

Obligors’ indemnity. 9.1.1 Each Obligor shall promptly indemnify the Agent and every Delegate (each an Indemnified Person) against any cost, loss or liability together with any associated VAT incurred by any of them as a result of: (a) the taking, holding, protection or enforcement of the Finance Documents (including, without limitation, any Enforcement Action), (b) the exercise of any of the rights, powers, discretions and remedies vested in the Agent and each Delegate by the Relevant Documents or by law in connection with the Relevant Documents; and (c) any default by any Obligor in the performance of any of the obligations expressed to be assumed by it in the Finance Documents. 9.1.2 The Agent may, in priority to any payment to the Beneficiaries, indemnify itself out of the Agency Property in respect of, and pay and retain, all sums necessary to give effect to the indemnity in this clause 9.1.2 and shall have a lien on the Finance Documents and the proceeds of the enforcement of the Finance Documents for all monies payable to it.