Common use of Account Party’s Indemnity Clause in Contracts

Account Party’s Indemnity. Without limiting Clause ý4.3, the Account Party shall indemnify the Issuing Bank and hold it harmless from and against all claims, demands, actions, losses, liabilities, damages, costs, expenses, fees, commissions, charges and other sums of whatsoever nature (including legal fees and expenses on a full indemnity basis) which it may incur or pay in acting as the Issuing Bank for that Letter of Credit (otherwise than by the Issuing Bank’s fraud, misconduct or negligence), including but not limited to any liability or sum as aforesaid which it may incur or pay to any confirming, advising or negotiating bank and shall forthwith provide the Issuing Bank with funds to meet any liability or pay any sum as aforesaid.

Account Party’s Indemnity. Without limiting Clause ý4.34.3, the Account Party shall indemnify the Issuing Bank and hold it harmless from and against all claims, demands, actions, losses, liabilities, damages, costs, expenses, fees, commissions, charges and other sums of whatsoever nature (including legal fees and expenses on a full indemnity basis) which it may incur or pay in acting as the Issuing Bank for that any Letter of Credit (otherwise than by the Issuing Bank’s fraud, misconduct or negligence), including but not limited to any liability or sum as aforesaid which it may incur or pay to any confirming, advising or negotiating bank and shall forthwith provide the Issuing Bank with funds to meet any liability or pay any sum as aforesaid.

Account Party’s Indemnity. Without limiting Clause ý4.34.3, the Account Party shall indemnify the Issuing Bank and hold it harmless from and against all claims, demands, actions, losses, liabilities, damages, costs, expenses, fees, commissions, charges and other sums of whatsoever nature (including legal fees and expenses on a full indemnity basis) which it may incur or pay in acting as the Issuing Bank for that Letter of Credit (otherwise than by the Issuing Bank’s fraud, misconduct or negligence), including but not limited to any liability or sum as aforesaid which it may incur or pay to any confirming, advising or negotiating bank and shall forthwith provide the Issuing Bank with funds to meet any liability or pay any sum as aforesaid.