Common use of By the Issuer Clause in Contracts

By the Issuer. the Issuer shall, upon presentation of duly documented evidence, indemnify each Agent against any loss, liability, cost, claim, action, demand or expense (including, but not limited to, all costs, charges and expenses paid or properly incurred in disputing or defending any of the foregoing) that it may incur or that may be made against it directly arising out of or in relation to or in connection with its appointment or the exercise of its functions, other than by reason of the Agent’s own material breach of any of its undertakings and agreements of this Agreement, its own negligence, fraud or wilful default or that of its officers, employees or agents.

By the Issuer. the Issuer shall, upon presentation of duly documented evidence, indemnify each Agent against any loss, liability, cost, claim, action, demand or expense (including, but not limited to, all reasonable costs, charges and expenses paid or properly incurred in disputing or defending any of the foregoing) that it may incur or that may be made against it directly arising out of or in relation to or in connection with its appointment or the exercise of its functions, other than by reason of except such as may result from the Agent’s own material breach of any of its undertakings and agreements of this Agreement, Agreement or its own negligence, fraud or wilful default or that of its officers, employees or agents.