Common use of Default and Indemnity Clause in Contracts

Default and Indemnity. 8.1 If any of the events set out in Schedule 6 occurs, BoS may elect to treat the occurrence of that event (while the same is continuing unwaived) as an Event of Default and may by notice in writing to the Borrower:- 8.1.1 cancel any part of the Term Loan then undrawn; and/or 8.1.2 require repayment (immediately or otherwise as BoS may require) of the Term Loan together with accrued interest; and/or 8.1.3 require that interest is payable on the Term Loan at the Default Rate; and/or 8.1.4 charge an administration fee to compensate for the additional time spent in administering the Term Loan. 8.2 The Borrower will indemnify (and keep indemnified) BoS on written demand against any loss or expense, including legal fees, which BoS sustains or incurs:- 8.2.1 because of a default by any Group Company of any obligation assumed by it under any BOS Document; or 8.2.2 as a consequence of any Event of Default.

Default and Indemnity. 8.1 12.1 If any of the events set out in Schedule 6 schedule 5 occurs, BoS may elect to treat the occurrence of that event (while the same is continuing unwaived) as an Event of Default and may by notice in writing to the Borrower:-Borrower: 8.1.1 12.1.1 cancel any part of the Term any Loan then undrawn; and/or 8.1.2 12.1.2 require repayment (immediately or otherwise as BoS may require) of the Term any Loan together with accrued interest; and/or 8.1.3 12.1.3 require that interest is payable on the Term any Loan at the Default Rate; and/or 8.1.4 12.1.4 charge an administration fee to compensate for the additional time spent in administering the Term LoanLoans (or either of them). 8.2 12.2 The Borrower will indemnify (and keep indemnified) BoS on written demand against any loss or expense, including legal fees, which BoS sustains or incurs:-incurs: 8.2.1 12.2.1 because of a default by any Group Company of any obligation assumed by it under any BOS BoS Document; or 8.2.2 12.2.2 as a consequence of any Event of Default.