Common use of Indemnity in favour of the Issuers and Guarantor Clause in Contracts

Indemnity in favour of the Issuers and Guarantor. Each Agent shall severally indemnify the Issuers and the Guarantor against any direct, documented claim, demand, action, liability, damages, cost, loss or expense (including, without limitation, legal fees and any applicable value added tax) which it properly incurs as a result of the gross negligence or wilful misconduct, wilful default or bad faith of such Agent or of their respective officers, directors or employees. Notwithstanding any provision of this Agreement to the contrary, including, without limitation, any indemnity given by the Agents herein, each of the Agents shall not in any event be liable for the following indirect and consequential losses: loss of profits, loss of contracts and loss of goodwill.

Indemnity in favour of the Issuers and Guarantor. ‌ Each Agent shall severally indemnify the Issuers and the Guarantor against any direct, documented claim, demand, action, liability, damages, cost, loss or expense (including, without limitation, legal fees and any applicable value added tax) which it properly incurs as a result of the gross negligence or wilful misconduct, wilful default or bad faith of such Agent or of their respective officers, directors or employees. Notwithstanding any provision of this Agreement to the contrary, including, without limitation, any indemnity given by the Agents herein, each of the Agents shall not in any event be liable for the following indirect and consequential losses: loss of profits, loss of contracts and loss of goodwill.