Payment by the Borrower. (a) The Borrower shall bear the cost of the COFACE Premium payable in respect of, or in connection with, the COFACE Cover and the Facility Agent shall pay all such amounts to COFACE for the Borrower’s account.
Appears in 2 contracts
Samples: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)
Payment by the Borrower. (a) The Borrower shall (i) bear the cost of the COFACE Premium Premia due to COFACE payable in respect of, or in connection with, this Agreement or the COFACE Cover Policy in connection with this Agreement and the Facility Agent shall pay (ii) reimburse all such amounts to COFACE for the Borrower’s accountFacility Agent acting on behalf of the Lenders.
Appears in 1 contract
Samples: Coface Covered Export Credit Agreement (Hughes Network Systems, LLC)
