Common use of BANKS' LIABILITIES FOR COSTS Clause in Contracts

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 23, each Bank shall, in the proportion borne by its share of the Loan to the amount of the Loan for the time being indemnify the Agent against any loss incurred by it as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.4.

Appears in 8 contracts

Samples: Senior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp), Junior Facility Agreement (General Maritime Corp)

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BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 2322 (Costs and Expenses), each Bank shall, in the proportion borne by its share Proportion, indemnify each of the Loan to Agent and the amount of the Loan for the time being indemnify the Agent Arrangers against any loss incurred by it any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.4failure.

Appears in 4 contracts

Samples: Credit Agreement (NTL Communications Corp), Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)

BANKS' LIABILITIES FOR COSTS. If any of the Borrower fails Borrowers fail to perform any of its obligations under this Clause 23, each Bank shall, in the proportion borne by its share Proportion, indemnify each of the Loan to Agent and the amount of the Loan for the time being indemnify the Agent Arrangers against any loss incurred by it any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.4failure.

Appears in 2 contracts

Samples: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)

BANKS' LIABILITIES FOR COSTS. If the either Borrower fails to perform any of its obligations under this Clause 23, each Bank shall, in the proportion borne by its share of the Loan to the amount of the Loan for the time being indemnify the Agent against any loss incurred by it as a result of such failure and the Borrower Borrowers shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.4.

Appears in 2 contracts

Samples: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)

BANKS' LIABILITIES FOR COSTS. If the any Borrower fails to perform any of its obligations under this Clause 2324, each Bank shall, in the proportion borne by its share of the Loan to the amount of the Loan for the time being Proportion, indemnify the Agent and the Arranger against any loss incurred by it either of them as a result of such failure and the such Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.424.5.

Appears in 1 contract

Samples: Agreement (Vnu N V)

BANKS' LIABILITIES FOR COSTS. If the any Borrower fails to perform any of its obligations under this Clause 2324, each Bank shall, in the proportion borne by its share of the Loan to the amount of the Loan for the time being Proportion, indemnify the Agent and the Arrangers against any loss incurred by it as a result of such failure and the such Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.424.5.

Appears in 1 contract

Samples: Agreement (Niner Acquistion Inc)

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 2331, each Bank shall, in the proportion borne by its share Proportion, indemnify each of the Loan to Agent and the amount of the Loan for the time being indemnify the Agent Arrangers against any loss incurred by it any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.431.4.

Appears in 1 contract

Samples: Facility Agreement (Primacom Ag)

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 2323 (Costs and Expenses), each Bank shall, in the proportion borne by its share of the Loan to the amount of the Loan for the time being Proportion, indemnify the Agent Agents and Arranger against any loss incurred by it any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it them pursuant to this Clause 23.423.5 (Banks' Liabilities for Costs).

Appears in 1 contract

Samples: Agreement (Central European Media Enterprises LTD)

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BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 2321, each Bank shall, in the proportion borne by its share Proportion, indemnify each of the Loan to Facility Agent and the amount of the Loan for the time being indemnify the Agent Arranger against any loss incurred by it any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.421.4.

Appears in 1 contract

Samples: Agreement (Royal Ahold)

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 2321, each Bank shall, in the proportion borne by its share of the Loan (or, if the Advance has not been made, its Available Commitment) to the amount of the Loan (or, if the Advance has been made, the Available Facility) for the time being (or, if the Loan has been repaid in full, immediately prior to the final repayment thereof), indemnify each of the Agent and the Arrangers against any loss incurred by it any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.4failure.

Appears in 1 contract

Samples: Term Facility Agreement (Zindart LTD)

BANKS' LIABILITIES FOR COSTS. If the Borrower fails to perform any of its obligations under this Clause 2328, each Bank shall, in the proportion borne by its share Proportion, indemnify each of the Loan to Agent and the amount of the Loan for the time being indemnify the Agent Arrangers against any loss incurred by it any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.428.4.

Appears in 1 contract

Samples: Facility Agreement (Primacom Ag)

BANKS' LIABILITIES FOR COSTS. If any of the Borrower fails Borrowers fail to perform any of its obligations under this Clause 2327.5, each Bank shall, in the proportion borne by its share Proportion, indemnify each of the Loan to Agent and the amount of the Loan for the time being indemnify the Agent Arrangers against any loss incurred by it any of them as a result of such failure and the Borrower shall forthwith reimburse each Bank for any payment made by it pursuant to this Clause 23.4failure.

Appears in 1 contract

Samples: NTL Inc/De/

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