Common use of Indemnity and Liability Clause in Contracts

Indemnity and Liability. The Customer shall fully indemnify the Bank and its employees, officers and directors and each of the affiliates and subsidiaries of JPMorgan Chase Bank, N.A. on demand, at all times against any losses, costs, claims, damages, liabilities and expenses (including without limitation legal fees) which it or they suffer or incur directly or indirectly as a result of (i) the Customer’s breach of these Account Terms, (ii) the Bank acting on what it believed in good faith to be the Customer’s communication or Instruction or because of anything done under or as contemplated by these Account Terms. This indemnity is in addition to and not in substitution for any other indemnity or right in favour of the Bank given by law or otherwise and shall not be affected or discharged by anything.

Appears in 13 contracts

Samples: Deposit Account Agreement (CurrencyShares Singapore Dollar Trust), Deposit Account Agreement (CurrencyShares Russian Ruble Trust), Deposit Account Agreement (CurrencyShares South African Rand Trust)

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Indemnity and Liability. The Customer shall fully indemnify the Bank and its employees, officers and directors and each of the affiliates and subsidiaries of JPMorgan Chase Bank, N.A. on demand, at all times against any losses, costs, claims, damages, liabilities and expenses (including without limitation legal fees) which it or they suffer or incur directly or indirectly as a result of (i) the Customer’s breach of these Account Terms, (ii) the Bank acting on what it believed in good faith to be the Customer’s communication or Instruction or because of anything done under or as contemplated by these Account Terms. This indemnity is in addition to and not in substitution for any other indemnity or right in favour of the Bank given by law or otherwise and shall not be affected or discharged by anythingany thing.

Appears in 6 contracts

Samples: Deposit Account Agreement (Currencyshares Australian Dollar Trust), Deposit Account Agreement (Currencyshares Swiss Franc Trust), Deposit Account Agreement (Currencyshares British Pound Sterling Trust)

Indemnity and Liability. The Customer shall fully indemnify the Bank and its employees, officers and directors and each of the affiliates and subsidiaries of JPMorgan Chase Bank, N.A. on demand, at all times against any losses, costs, claims, damages, liabilities and expenses (including without limitation reasonable legal fees) which it or they suffer or incur directly or indirectly (i) as a result of (i) the Customer’s breach of these Account Terms, (ii) Terms or the Bank acting on what it believed in good faith to be the Customer’s communication or Instruction or (ii) because of anything done under or as contemplated by these Account Terms. This indemnity is in addition to and not in substitution for any other indemnity or right in favour of the Bank given by law or otherwise and shall not be affected or discharged by anything.

Appears in 2 contracts

Samples: Deposit Account Agreement (Currencyshares Chinese Renminbi Trust), Deposit Account Agreement (Currencyshares Chinese Renminbi Trust)

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Indemnity and Liability. The Customer shall fully indemnify the Bank and its employees, officers and directors and each of the affiliates and subsidiaries of JPMorgan Chase Bank, N.A. on demand, at all times against any losses, costs, claims, damages, liabilities and expenses (including without limitation legal fees) which it or they suffer or incur directly or indirectly as a result of (i) the Customer’s breach of these Account Terms, (ii) the Bank acting on what it believed (in good faith faith) to be the Customer’s communication or Instruction or because of anything done under or as contemplated by these Account Terms. This indemnity is in addition to and not in substitution for any other indemnity or right in favour of the Bank given by law or otherwise and shall not be affected or discharged by anythingany thing.

Appears in 1 contract

Samples: Deposit Account Agreement (Currencyshares Euro Trust)

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