Common use of Lenders’ Indemnity Clause in Contracts

Lenders’ Indemnity. If any Borrower fails to comply with its obligations under Clause 9.2 (Borrow­ers' Indemnity to Fronting Banks) the Agent shall make demand on each Lender for its share of that L/C Amount and, subject to Clause 32.2 (Direct Participa­tion), each Lender shall indemnify the Fronting Bank for that Lender's L/C Pro­portion of the L/C Amount.

Lenders’ Indemnity. If any Borrower fails to comply with its obligations under Clause 9.2 ‎9.2 (Borrow­ersBorrowers' Indemnity to Fronting Banks) the Agent shall make demand on each Lender for its share of that L/C Amount and, subject to Clause 32.2 ‎32.2 (Direct Participa­tionParticipation), each Lender shall indemnify the Fronting Bank for that Lender's L/C Pro­portion Proportion of the L/C Amount.

Lenders’ Indemnity. If any Borrower fails to comply with its obligations under Clause 9.2 (Borrow­ersBorrowers' Indemnity to Fronting Banks) the Agent shall make demand on each Lender for its share of that L/C Amount and, subject to Clause 32.2 (Direct Participa­tionParticipation), each Lender shall indemnify the Fronting Bank for that Lender's L/C Pro­portion Proportion of the L/C Amount.

Lenders’ Indemnity. If any Borrower fails to comply with its obligations under Clause 9.2 17.2 (Borrow­ersBorrowers' Indemnity to Fronting Banks) the Agent shall make demand on each Lender for its share of that L/C Amount and, subject to Clause 32.2 40.2 (Direct Participa­tionParticipation), each Lender shall indemnify the Fronting Bank for that Lender's L/C Pro­portion Proportion of the L/C Amount.

Lenders’ Indemnity. If any Borrower fails to comply with its obligations under Clause 9.2 (Borrow­ersBorrowers' Indemnity to Fronting Banks) the Agent shall make demand on each Lender for its share of that L/C Amount and, subject to Clause 32.2 (Direct Participa­tionParticipation), each Lender shall indemnify the Fronting Bank for that LenderXxxxxx's L/C Pro­portion Proportion of the L/C Amount.