Common use of PERFORMANCE AND INDEMNITY Clause in Contracts

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

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