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

Indemnity in favour of the Issuer. ‌ Each Agent shall severally indemnify the Issuer and, for the purposes of Clause 11 (Agents to Act for Trustee), the Trustee, against any loss, liability, costs, claim, action, demand or expense (together with any irrecoverable VAT thereon) which the Issuer may incur or which may be made against it as a result of the material breach by such Agent of the terms of this Agreement or its wilful default, negligence or bad faith or that of its officers or employees including any failure to obtain and maintain in existence any consent, authorisation, permission or licence required by it for the assumption, exercise and performance of its powers and duties under this Agreement.

Indemnity in favour of the Issuer. ‌ Each Agent shall severally indemnify the Issuer and, for the purposes of Clause 11 (Agents to Act act for Trustee), the Trustee, against any loss, liability, costs, claim, action, demand or expense (together with any irrecoverable VAT thereon) which the Issuer may incur or which may be made against it as a result of the material breach by such Agent of the terms of this Agreement or its wilful default, negligence or bad faith or that of its officers or employees including any failure to obtain and maintain in existence any consent, authorisation, permission or licence required by it for the assumption, exercise and performance of its powers and duties under this Agreement.

Indemnity in favour of the Issuer. ‌ Each Agent shall severally indemnify the Issuer and, for the purposes of Clause 11 (Agents to Act act for Trustee), the Trustee, against any loss, liability, costs, claim, action, demand or expense (together with any irrecoverable VAT thereon) which the Issuer may incur or which may be made against it as a result of the material breach by such Agent of the terms of this Agreement or its wilful default, negligence or bad faith or that of its officers or employees including any failure to obtain and maintain in existence any consent, authorisation, permission or licence required by it for the assumption, exercise and performance of its powers and duties under this Agreement.

Indemnity in favour of the Issuer. ‌ Each Agent shall severally indemnify the Issuer and, for the purposes of Clause 11 (Agents to Act act for Trustee), the Trustee, against any loss, liability, costs, claim, action, demand or expense (together with any irrecoverable VAT thereon) which the Issuer may incur or which may be made against it as a result of the material breach by such Agent of the terms of this Agreement or its wilful default, negligence or bad faith or that of its officers or employees including any failure to obtain and maintain in existence any consent, authorisation, permission or licence required by it for the assumption, exercise and performance of its powers and duties under this Agreement.

Indemnity in favour of the Issuer. ‌ Each Agent shall severally indemnify the Issuer and, for the purposes of Clause 11 (Agents to Act act for Trustee), the Trustee, against any loss, liability, costs, claim, action, demand or expense (together with any irrecoverable VAT thereon) which the Issuer may incur or which may be made against it as a result of the material breach by such Agent of the terms of this Agreement or its wilful default, negligence or bad faith or that of its officers or employees including any failure to obtain and maintain in existence any consent, authorisation, permission or licence required by it for the assumption, exercise and performance of its powers and duties under this Agreement.

Indemnity in favour of the Issuer. ‌ Each Agent shall severally indemnify the Issuer and, for the purposes of Clause 11 (Agents to Act act for Trustee), the Trustee, against any loss, liability, costs, claim, action, demand or expense (together with any irrecoverable VAT thereon) which the Issuer may incur or which may be made against it as a result of the material breach by such Agent of the terms of this Agreement or its wilful default, negligence or bad faith or that of its officers or employees including any failure to obtain and maintain in existence any consent, authorisation, permission or licence required by it for the assumption, exercise and performance of its powers and duties under this Agreement.