Common use of CONFIRMATION AND INDEMNITY Clause in Contracts

CONFIRMATION AND INDEMNITY. 9.1 Unless otherwise directed by the Note Trustee pursuant to Clause 7.2 (Acknowledgement by the Issuer Account Bank), the Issuer Account Bank in making payment from the Accounts, in accordance with this Agreement, shall be entitled to act as directed by the Issuer pursuant to Clause 4.1 (The Accounts) and to rely as to the amount of any such payment on the confirmation of the Issuer in accordance with the Bank Mandate (except that, in the case of transfer of funds by way of electronic means, such confirmation shall conclusively be deemed to be given on the verification and authorisation of such transfer by way of the normal banking practice for such transfers) and the Issuer Account Bank shall have no liability for any loss, injury or consequence suffered or incurred by the Issuer for any action taken as a consequence of relying on any such confirmation except in the case of the Issuer Account Bank's wilful default, gross negligence or fraud. 9.2 The Issuer shall (by utilising funds received by it as holder of the Series 2015-1 Loan Notes in accordance with the relevant priorities of payments set out in the Series 2015-1 Loan Note Supplement and applying such funds for such purpose in accordance with the relevant priorities of payments set out in the Note Conditions), on the Relevant Transfer Date, indemnify the Issuer Account Bank against any loss, cost, damage, charge or expense incurred by the Issuer Account Bank in complying with any direction of the Issuer delivered pursuant to and in accordance with this Agreement, save that this indemnity shall not extend to: (a) the charges of the Issuer Account Bank (if any) for the operation of the Accounts; and (b) any loss, cost, damage, charge or expense arising from the Issuer Account Bank's own wilful default, gross negligence or fraud. This indemnity shall survive the termination or expiry of this Agreement. 9.3 Under no circumstances will the Issuer Account Bank be liable to any Party or any other person for any indirect, incidental or consequential loss or damage (being, inter alia, loss of business, goodwill or opportunity or profit) even if advised of such loss or damage.

CONFIRMATION AND INDEMNITY. 9.1 Unless otherwise directed by the Note The Receivables Trustee pursuant to Clause 7.2 (Acknowledgement by the Issuer Account Bank), the Issuer Account Bank in making payment from the Trust Accounts, in accordance with this Agreement, shall be entitled to act as directed by the Issuer Receivables Trustee, or the Servicer on its behalf, pursuant to Clause 4.1 (The Trust Accounts) and to rely as to the amount of any such payment on the confirmation of the Issuer Receivables Trustee in accordance with the Bank Mandate (except that, in the case of transfer of funds by way of electronic means, such confirmation shall conclusively be deemed to be given on the verification and authorisation of such transfer by way of the normal banking practice for such transfers) and the Issuer Receivables Trustee Account Bank shall have no liability for any loss, injury or consequence suffered or incurred by the Issuer Receivables Trustee for any action taken as a consequence of relying on any such confirmation except in the case of the Issuer Receivables Trustee Account Bank's wilful default, gross negligence or fraud. 9.2 The Issuer Receivables Trustee shall (by utilising funds received by it as holder of trust property from the Series 2015-1 Loan Notes Receivables Trust for such purpose in accordance with the relevant priorities of payments set out in the Series 2015-1 Loan Note Supplement Receivables Trust Deed and applying such funds for such purpose in accordance with the relevant priorities of payments set out in the Note ConditionsServicing Agreement and any Supplement), on the Relevant Transfer Date, indemnify the Issuer Receivables Trustee Account Bank against any loss, cost, damage, charge or expense incurred by the Issuer Receivables Trustee Account Bank in complying with any direction of the Issuer Receivables Trustee, or the Servicer on its behalf, delivered pursuant to and in accordance with this Agreement, save that this indemnity shall not extend to: (a) the charges of the Issuer Receivables Trustee Account Bank (if any) for the operation of the Trust Accounts; and (b) any loss, cost, damage, charge or expense arising from the Issuer Receivables Trustee Account Bank's own wilful default, gross negligence or fraud. This indemnity shall survive the termination or expiry of this Agreement. 9.3 Under no circumstances will the Issuer Receivables Trustee Account Bank be liable to any Party or any other person for any indirect, incidental or consequential loss or damage (being, inter alia, loss of business, goodwill or opportunity or profit) even if advised of such loss or damage.

CONFIRMATION AND INDEMNITY. 9.1 Unless otherwise directed by the Note Trustee pursuant to Clause 7.2 (Acknowledgement by the Issuer Account Bank), the Issuer Account Bank in making payment from the Accounts, in accordance with this Agreement, shall be entitled to act as directed by the Issuer pursuant to Clause 4.1 (The Accounts) and to rely as to the amount of any such payment on the confirmation of the Issuer in accordance with the Bank Mandate (except that, in the case of transfer of funds by way of electronic means, such confirmation shall conclusively be deemed to be given on the verification and authorisation of such transfer by way of the normal banking practice for such transfers) and the Issuer Account Bank shall have no liability for any loss, injury or consequence suffered or incurred by the Issuer for any action taken as a consequence of relying on any such confirmation except in the case of the Issuer Account Bank's wilful default, gross negligence or fraud. 9.2 The Issuer shall (by utilising funds received by it as holder of the Series 2015-1 2 Loan Notes in accordance with the relevant priorities of payments set out in the Series 2015-1 2 Loan Note Supplement and applying such funds for such purpose in accordance with the relevant priorities of payments set out in the Note Conditions), on the Relevant Transfer Date, indemnify the Issuer Account Bank against any loss, cost, damage, charge or expense incurred by the Issuer Account Bank in complying with any direction of the Issuer delivered pursuant to and in accordance with this Agreement, save that this indemnity shall not extend to: (a) the charges of the Issuer Account Bank (if any) for the operation of the Accounts; and (b) any loss, cost, damage, charge or expense arising from the Issuer Account Bank's own wilful default, gross negligence or fraud. This indemnity shall survive the termination or expiry of this Agreement. 9.3 Under no circumstances will the Issuer Account Bank be liable to any Party or any other person for any indirect, incidental or consequential loss or damage (being, inter alia, loss of business, goodwill or opportunity or profit) even if advised of such loss or damage.