Common use of Indemnity in favour of the Issuer Clause in Contracts

Indemnity in favour of the Issuer. (a) Each Agent shall severally indemnify the Issuer against any Liabilities (including, but not limited to, Expenses) which the Issuer may incur or which may be made against the Issuer as a result of or in connection with the relevant Agent acting as the Agent of the Issuer in relation to this Agreement to the extent that any Losses or Expenses result directly from the relevant Agent's own wilful default, gross negligence or fraud or that of its officers, directors or employees. Such indemnity will survive the termination (whether by resignation or removal) or expiry of this Agreement. For the avoidance of doubt, the Agent's liability under this Clause 10.5(a) shall be limited in the manner set out in Clauses 10.5(e) and 10.5(f).

Indemnity in favour of the Issuer. (a) Each Agent shall severally indemnify the Issuer against any Liabilities Losses (including, but not limited to, Expenses) which the Issuer may incur or which may be made against the Issuer as a result of or in connection with the relevant Agent acting as the Agent of the Issuer in relation to this Agreement to the extent that any Losses or Expenses result directly from the relevant Agent's own wilful default, gross negligence or fraud or that of its officers, directors or employees. Such indemnity will survive the termination (whether by resignation or removal) or expiry of this Agreement. For the avoidance of doubt, the Agent's liability under this Clause 10.5(a) shall be limited in the manner set out in Clauses 10.5(e10.5(f) and 10.5(f10.5(g).