Common use of INDEMNITY AND LIMITATIONS OF LIABILITY Clause in Contracts

INDEMNITY AND LIMITATIONS OF LIABILITY. 21.1 The Client is obliged to compensate Tickmill Ltd for all losses, taxes, expenses, costs and liabilities whatsoever (present, future, contingent or otherwise and including reasonable legal fees) which may be suffered or incurred by Tickmill Ltd as a result of or in connection with: i the Client's breach of this Agreement; ii Tickmill Ltd entering into any transaction or Contract; or iii Tickmill Ltd taking any of the steps which Tickmill Ltd is entitled to take in an Event of Default; unless and to the extent only that such losses, taxes, expenses, costs and liabilities are suffered or incurred as result of Tickmill Ltd's gross negligence or willful default.