Common use of Duties and Taxes Clause in Contracts

Duties and Taxes. The Issuer will indemnify (with recourse limited to the proceeds of the Secured Property relating to the applicable Series) the Trustee and the Secured Creditors relating to such Series (each an "INDEMNIFIED PARTY") from and against all stamp duty, issue, registration, documentary and other similar taxes paid by any such Indemnified Party in any jurisdiction or jurisdictions in connection with any action taken by such Indemnified Party to enforce the obligations of the Issuer under this Deed in respect of such Series. The Issuer is empowered and authorised hereunder to make any filings on its own behalf and any filings relating to the Security Trust in respect of any tax matters that are deemed necessary or desirable in connection with this Deed or any MTN Supplement.

Duties and Taxes. The Issuer will indemnify (with recourse limited to the proceeds of the Secured Property relating to the applicable Series) the Trustee and the Secured Creditors relating to such Series (each an "INDEMNIFIED PARTYIndemnified Party") from and against all stamp duty, issue, registration, documentary and other similar taxes paid by any such Indemnified Party in any jurisdiction or jurisdictions in connection with any action taken by such Indemnified Party to enforce the obligations of the Issuer under this Deed in respect of such Series. The Issuer is empowered and authorised hereunder to make any filings on its own behalf and any filings relating to the Security Trust in respect of any tax matters that are deemed necessary or desirable in connection with this Deed or any MTN Supplement.