Common use of Refunds by Banks Clause in Contracts

Refunds by Banks. Without prejudice to Clause 7.3, if the Agent makes an amount available to a Bank which has not (but should have) been paid to the Agent by the Borrower, such Bank shall: 7.5.1 on demand refund such amount to the Agent; and 7.5.2 pay to the Agent on demand such further amount (as conclusively certified by the Agent) as shall indemnify the Agent against any cost, loss, liability or expense suffered or incurred by the Agent as a result of its having made available such amount to that Bank before receiving it from the Borrower.

Refunds by Banks. Without prejudice to Clause 7.39.3, if the Agent makes an amount available to a Bank which has not (but should have) been paid to the Agent by the Borrower, such that Bank shall: 7.5.1 9.5.1 on demand refund such that amount to the Agent; and 7.5.2 9.5.2 pay to the Agent on demand such further amount (as conclusively certified by the Agent) as shall indemnify the Agent against any cost, loss, liability or expense suffered or incurred by the Agent as a result of its having made available such amount to that Bank before receiving it from the Borrower.

Refunds by Banks. Without prejudice to Clause 7.3‎8.3, if the Agent makes an amount available to a Bank which has not (but should have) been paid to the Agent by the BorrowerBorrowers, such Bank shall: 7.5.1 8.5.1 on demand refund such amount to the Agent; and 7.5.2 8.5.2 pay to the Agent on demand such further amount (as conclusively certified by the Agent) as shall indemnify the Agent against any cost, loss, liability or expense suffered or incurred by the Agent as a result of its having made available such amount to that Bank before receiving it from the BorrowerBorrowers.