Common use of FATCA Indemnity Clause in Contracts

FATCA Indemnity. Without limitation to any other indemnity provided by the Customer to the Bank under any other provisions of this Agreement or any other arrangement or agreement, the Customer agrees to indemnify the Bank, its agents, oÆcers and employees against all liabilities, claims, demands, losses, taxes, costs, charges and expenses of any kind which any of the Bank, its agents, oÆcers and employees may suffer or incur, including taxes, interest or penalties, as a result of that party providing misleading or false information or otherwise failing to comply with any requirement under this Appendix or the Bank’s use of or reliance on any information, documents and supporting materials provided by the Customer to the Bank for the purpose of the Bank’s compliance with any Foreign Law Requirement. The Customer further agrees that the Bank is entitled to withhold, retain, or deduct such portion from the Customer’s assets in the possession or control of the Bank or such amount(s) from any of the Customer’s accounts with the Bank as it determines to be suÆcient to cover any amount which may be owed by the Customer under this Clause 7.1. This indemnity shall continue notwithstanding the termination of the banking relationship between the Bank and the Customer.