Continuing indemnities. The liabilities and obligations of each Bank under the indemnities set out in Clause 7.1 shall remain in force as a continuing security until the full, prompt and complete performance of all the terms of those indemnities including the proper and valid payment of all amounts that may become due to the Issuing Bank under this Agreement and accordingly no Bank shall have, as regards those indemnities, any of the rights or defences of a surety.
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Continuing indemnities. The liabilities and obligations of each Bank Lender under the indemnities set out in Clause 7.1 33.1 shall remain in force as a continuing security until the full, prompt and complete performance of all the terms of those indemnities including the proper and valid payment of all amounts that may become due to the Issuing Bank under this Agreement and accordingly no Bank Lender shall have, as regards those indemnities, any of the rights or defences of a surety.
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Sources: Loan Agreement (Danaos Corp)
Continuing indemnities. The liabilities and obligations of each Bank Lender under the indemnities set out in Clause 7.1 13.1 shall remain in force as a continuing security until the full, prompt and complete performance of all the terms of those indemnities including the proper and valid payment of all amounts that may become due to the Issuing Bank under this Agreement and accordingly no Bank Lender shall have, as regards those indemnities, any of the rights or defences of a surety.
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