Indemnify. 21.1 You undertake to indemnify us and shall keep us indemnified against any liability, loss, charge, demand, damage, whether direct or indirect, proceedings, costs and expenses whether legal or otherwise which we may incur by reason of: 1. The Terms or your breach of any of the Terms. 2. The enforcement of our rights under the Terms. 3. Any loss to us arising from your use of the Services. 4. The use of your Card, service or information by any person obtaining possession of it with your consent. 5. Any loss or damage arising directly or indirectly from any malfunction/failure of the Card or ATM arising out of your mistake. 6. Any loss incurred by us and/or our correspondents in relation to payments. This includes, but is not limited to, any delay, errors and omissions. Further, we and our correspondents are not liable for any loss which you may incur because of payments delayed or withheld for pending confirmations related to the transaction. 7. Your failure to pay any amount to us, on the due date under the following Terms: 8. Your electronic instructions or telephone Instructions. 9. Your third-party authorizations or powers of attorney. 10. The execution of the standing orders and/or direct debits given by you. 11. Any transactions; or any damages incurred by us in respect of any amount, which is blocked due to our compliance with Regulations or in accordance with instructions from SAMA or any other competent authority or for any of our claims against you. 21.2 Without affecting our rights and remedies under the Regulations, all costs and expenses relevant to the indemnity in this section shall be payable to us by you in accordance with the Terms and may be debited from your Account by us in accordance with the Terms, Regulations, the Banking Disputes Committee or judicial orders.
Appears in 4 contracts
Samples: Banking Agreement, Current Account Agreement, Current Account Agreement
