Funding Indemnification Letter definition

Funding Indemnification Letter means a letter from the Borrower to the Agent substantially in the form of Exhibit H, pursuant to which (i) the Banks and the Borrower shall agree upon the interest rates, amount of Borrowing and Interest Periods for each portion of any Borrowing on the Closing Date which is to constitute a Euro-Dollar Loan, and (ii) the Borrower shall indemnify the Banks from any loss or expense arising from the failure to close on the anticipated Closing Date identified in such letter or the failure to borrow such Euro-Dollar Loan on such date, unless such failure is caused solely by the Banks' breach of this Agreement.
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Funding Indemnification Letter means a letter agreement substantially in the form of Exhibit P, duly executed by an Executive Officer of the Borrower, pursuant to which (i) the Administrative Agent and the Borrower shall have agreed upon the interest rate, amount of Borrowing and Interest Period for any Fixed Rate Loan requested to be made on the anticipated Closing Date, and (ii) the Borrower shall indemnify the Banks from any loss or expense arising from the failure to close on the anticipated Closing Date identified in such letter or the failure to borrow such Fixed Rate Loan on such date.
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Funding Indemnification Letter means a letter from the Borrower to the Agent substantially in the form of Exhibit H, pursuant to which (i) the Banks and the Borrower shall agree upon the interest rates, amount of Borrowing and Interest Periods for each portion of the initial funding on the initial Drawdown Date of the Term Loan Advance to be made on such date which is to constitute a Euro-Dollar Loan, and (ii) the Borrower shall indemnify the Banks from any loss or expense arising from the failure to close on the anticipated Closing Date identified in such letter or the failure to borrow such Euro-Dollar Loan on such date, unless such failure is caused solely by the Banks' breach of this Agreement.
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Examples of Funding Indemnification Letter in a sentence

  • In addition, if the Borrower desires funding of a Euro-Dollar Loan on the Closing Date, the Agent shall have received, the requisite number of days prior to the Closing Date, a Funding Indemnification Letter.

  • If and to the extent that no Funding Indemnification Letter has been so delivered or such agreement as to interest rates, amounts and Interest Periods has not been reached within such time, the funding of the initial Term Loan Advance, as well as all subsequent Term Loan Advances and all Refunding Loans, shall be made as provided below.


More Definitions of Funding Indemnification Letter

Funding Indemnification Letter means the Funding Indemnification Letter by and between the Agent and the Borrowers, substantially in the form of EXHIBIT U hereto.
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Related to Funding Indemnification Letter

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.

  • Indemnification Escrow Agreement means an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

  • Indemnification Agreements shall have the meaning set forth in Section 6.01(a).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Indemnification Agreement shall have the meaning set forth in Article XVII.

  • Tax Indemnity Agreement means that certain Tax Indemnity Agreement [NW ____ _], dated as of the date hereof, between the Owner Participant and Lessee, as originally executed or as modified, amended or supplemented pursuant to the applicable provisions thereof.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Indemnification Notice has the meaning set forth in Section 11.3(a).

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Tax Representation Letters shall have the meaning set forth in Section 5.11(c).

  • Indemnification Expenses shall have the meaning set forth in Section 6.11(a).

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, sponsors, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, letters, the Debtors’ respective memoranda, articles or certificates of incorporation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date.

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or as an officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or as an officer of the Corporation.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, members, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors.

  • Related Indemnified Person of an indemnified person means (a) any controlling person or controlled affiliate of such indemnified person, (b) the respective directors, officers, or employees of such indemnified person or any of its controlling persons or controlled affiliates and (c) the respective agents of such indemnified person or any of its controlling persons or controlled affiliates, in the case of this clause (c), acting at the instructions of such indemnified person, controlling person or such controlled affiliate; provided that each reference to a controlled affiliate or controlling person in this sentence pertains to a controlled affiliate or controlling person involved in the negotiation or syndication of this Agreement and the Term Loans.

  • Indemnity Agreement means that certain Indemnity Agreement dated as of the Closing Date by Borrower and Indemnitor in favor of Lender.

  • Indemnified Matters has the meaning specified therefor in Section 12.15.

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Company Indemnified Persons has the meaning set forth in Section 5(a).

  • Indemnification Claim has the meaning set forth in Section 8.4(a).

  • Company Indemnified Parties has the meaning specified in Section 7.8(a).