Common use of Funding 1's Indemnity Clause in Contracts

Funding 1's Indemnity. Funding 1 shall indemnify the Account Bank or, pursuant to Clause 6.5, the Funding 1 Security Trustee, as the case may be, to the extent of funds then standing to the credit of the Funding 1 Transaction Account and/or the Funding 1 GIC Account against any loss, cost, damage, charge or expense incurred by the Account Bank or the Funding 1 Security Trustee, as the case may be, in complying with any instruction delivered by Funding 1 pursuant to and in accordance with this Agreement, save that this indemnity shall not extend to: (a) the charges of the Account Bank (if any) for the operation of the Funding 1 Transaction Account and/or the Funding 1 GIC Account other than as provided in this Agreement; and (b) any loss, cost, damage, charge or expense arising from any breach by the Account Bank of its obligations under this Agreement.

Funding 1's Indemnity. Funding 1 shall indemnify the Account Bank or, pursuant to Clause 6.5, the Funding 1 Security Trustee, as the case may be, to the extent of funds then standing to the credit of the Funding 1 Transaction Account and/or the Funding 1 GIC Account against any loss, cost, damage, charge or expense incurred by the Account Bank or the Funding 1 Security Trustee, as the case may be, in complying with any instruction delivered by Funding 1 pursuant to and in accordance with this Agreement, save that this indemnity shall not extend to: (a) the charges of the Account Bank (if any) for the operation of the Funding 1 Transaction Account and/or the Funding 1 GIC Account Bank Accounts other than as provided in this Agreement; and (b) any loss, cost, damage, charge or expense arising from any breach by the Account Bank of its obligations under this Agreement.

Funding 1's Indemnity. Funding 1 shall indemnify the Account Bank or, pursuant to Clause 6.5, the Funding 1 Security Trustee, as the case may be, to the extent of funds then standing to the credit of the Funding 1 Transaction Account and/or the Funding 1 GIC Account against any loss, cost, damage, charge or expense incurred by the Account Bank or the Funding 1 Security Trustee, as the case may be, in complying with any instruction delivered by Funding 1 pursuant to and in accordance with this Agreement, save that this indemnity shall not extend to: (a) the charges of the Account Bank (if any) for the operation of the Funding 1 Transaction Account and/or the Funding 1 GIC Account other than as provided in this Agreement; and (b) any loss, cost, damage, charge or expense arising from any breach by the Account Bank of its obligations under this Agreement.