ABB » Topics » Other indemnities

This excerpt taken from the ABB 20-F filed Mar 19, 2008.

15.2      Other indemnities

 

ABB or the Obligors shall indemnify each Lender upon presentation of duly documented evidence thereof against any cost, loss or liability directly incurred by that Lender as a result of:

 

(a)             the occurrence of any Event of Default (but excluding any costs of enforcement save as provided in Clause 17.3 (Enforcement Costs));

 

(b)            a failure by ABB or an Obligor to pay any amount due under a Finance Document on its due date, including without limitation, any cost, loss or liability arising as a result of Clause 27 (Sharing among the Lenders);

 

(c)             funding, or making arrangements to fund, its participation in an Advance requested by a Borrower in a Utilisation Request but not made by reason of

 

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This excerpt taken from the ABB 20-F filed Apr 19, 2006.
Other indemnities

 

ABB or the Obligors shall indemnify each Lender upon presentation of duly documented evidence thereof against any cost, loss or liability directly incurred by that Lender as a result of:

 

(a)                                      the occurrence of any Event of Default (but excluding any costs of enforcement save as provided in Clause 17.3 (Enforcement Costs));

 

(b)                                     a failure by ABB or an Obligor to pay any amount due under a Finance Document on its due date, including without limitation, any cost, loss or liability arising as a result of Clause 28 (Sharing among the Lenders);

 

(c)                                      funding, or making arrangements to fund, its participation in an Advance requested by a Borrower in a Utilisation Request but not made by reason of

 

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EXCERPTS ON THIS PAGE:

20-F
Mar 19, 2008
20-F
Apr 19, 2006
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