Common use of Fixed Rate Loans Clause in Contracts

Fixed Rate Loans. (a) The Borrower shall, within five (5) Business Days of demand, indemnify the Agent and each Lender in respect of any loss incurred by it in the event that the Reference Rate Component payable under the IMUA for the relevant currency and the relevant period may not be determined as a result of the screen rate referred to in the IMUA being unavailable and an alternative means of determining such amount not being agreed between the Finance Parties and SIMEST. (b) The Borrower shall, within thirty (30) days of demand, indemnify the Agent and each Lender in respect of any loss incurred by it as a result of SIMEST making any deduction or withholding for or on account of any taxes on any amount paid by it to the Agent or the Lenders under the IMUA. Each such Lender shall notify the Agent on becoming so aware of any such deduction or withholding and any payment payable to that Lender pursuant to this Clause 10.4 (