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 against any claim, demand, action, liability, damages, cost, loss or expense (including, without limitation, reasonably incurred legal fees and any applicable value added tax) duly documented, where applicable by invoices or any other relevant documentation in relation thereto, which it incurs as a result of the gross negligence, wilful misconduct or failure to comply with the terms of this Agreement of such Agent or of their respective officers, directors or employees. No Agent shall be liable for consequential loss (including, but not limited to, loss of business, goodwill, opportunity or profit, damage to reputation or special or punitive damages or regulatory fines) of any kind whatsoever even if advised of the possibility of that loss.

Indemnity in favour of the Issuer. ‌ Each Agent shall severally indemnify the Issuer against any claim, demand, action, liability, damages, cost, loss or expense (including, without limitation, reasonably incurred legal fees and any applicable value added tax) duly documented, where applicable by invoices or any other relevant documentation in relation thereto, which it incurs as a result of the gross negligence, wilful misconduct or failure to comply with the terms of this Agreement of such Agent or of their respective officers, directors or employees. No Agent shall be liable for consequential loss (including, but not limited to, loss of business, goodwill, opportunity or profit, damage to reputation or special or punitive damages or regulatory fines) of any kind whatsoever even if advised of the possibility of that loss.