Common use of PERFORMANCE AND INDEMNITY Clause in Contracts

PERFORMANCE AND INDEMNITY. Notwithstanding the foregoing, the Mortgagor shall remain liable to perform all the obligations to be performed by it in respect of the Collateral and shall discharge fully its obligations thereunder as they become due and neither the Security Trustee nor any other Finance Party shall have any obligation of any kind whatsoever thereunder or be under any liabilities whatsoever in the event of any failure to perform its obligations thereunder and the Mortgagor hereby indemnifies and agrees to keep indemnified the Security Trustee and the other Finance Parties and each of them from and against any such liability.

PERFORMANCE AND INDEMNITY. Notwithstanding the foregoing, each of the Mortgagor Mortgagors shall remain liable to perform all the obligations to be performed by it in respect of the Collateral and shall discharge fully its respective obligations thereunder as they become due and neither the Security Trustee nor any other Finance Party shall have any obligation of any kind whatsoever thereunder or be under any liabilities whatsoever in the event of any failure to perform its their obligations thereunder thereunder, and the each Mortgagor hereby jointly and severally indemnifies and agrees to keep indemnified the Security Trustee and the other Finance Parties and each of them from and against any such liability.