Common use of Deed Administrators’ indemnity and lien Clause in Contracts

Deed Administrators’ indemnity and lien. In addition to any rights the Deed Administrators may have under the Regulations or at law, the Deed Administrators will be indemnified out of the Property of the Deed Company for: (a) their remuneration and all Costs, fees and expenses incurred by them and payable in accordance with Clause 5.6 (Remuneration and costs), the Regulations, or otherwise at law; (b) all liabilities incurred and payments made by them, including liabilities falling within clause 5.5 (No personal liability); and (c) all actions, claims, suits, causes of action, arbitrations, debts, costs, demands, verdicts and judgments at law or in equity or arising under any statute that are commenced against, incurred by or made against them and all related costs, charges and expenses, in connection with this Deed, and their role as Administrators, Related Administrators and Related Deed Administrators, and they have a first and paramount lien over the Property of the Deed Company as security for this indemnity except where such loss, damage, claim, liability or expense is caused by fraud, gross negligence or wilful misconduct (including breach of this Deed).