Common use of Indemnification of the Custodian Clause in Contracts

Indemnification of the Custodian. Without prejudice to any other right of indemnity to which the Custodian is entitled under applicable law, but subject to Clause 0, the Client shall indemnify the Custodian and its directors, officers, employees or shareholders and keep each of them indemnified against all Liabilities to which they or a nominee company controlled by the Custodian may be or become subject or which may be incurred by any of them in the discharge or purported discharge of any of the Custodian’s functions under this Schedule or in respect of any other matter or thing done or omitted in any way relating to this Schedule (including all Liabilities incurred in disputing or defending any of the foregoing).