Indemnity to Trustee Sample Clauses

Indemnity to Trustee. Provided it shall not have acted gross negligently or fraudulently, without prejudice to the right of indemnity by law given to the Trustee, the Trustee and every attorney, agent or other person appointed by the Trustee hereunder shall be entitled to be fully indemnified out of all and any monies in the Trustee’s hands arising from the trusts created hereunder in respect of all liabilities and expenses incurred by the Trustee in the exercise or purported exercise, of the trusts hereof, the exercise or purported exercise of any powers, authorities or discretions vested in the Trustee under this Deed and the other Transaction Documents to which the Trustee is a party, and against all actions, proceedings, costs, claims and demands or in respect of any matter, thing or step taken done or omitted in any way taken by the Trustee at the request of any Subordinated Debtholder pursuant to this Deed or the other Transaction Documents to which the Trustee is a party or in any way relating to or in connection with the performance of the obligations and duties of the Trustee hereunder and under the other Transaction Documents to which the Trustee is a party and the Trustee may, in priority to any payment to any Subordinated Debtholder, retain and pay out of all such monies in their hands, all sums necessary to effect such indemnity and also the remuneration of the Trustee as herein provided to the extent permitted by law. Provided that the Trustee shall, notwithstanding the above, be obliged to take all necessary steps to enforce this Deed and the other Transaction Documents to which the Trustee is a party when required by this Deed or such other Transaction Documents to which the Trustee is a party, as the case may be.

Indemnity to Trustee. (a) Subject to compliance by the Trustee with clause 7.6 and any other duties or obligations imposed on the Trustee, whether by statute or otherwise (including under section 420A of the Corporations Act), in conducting the sale process contemplated under clause 7.6, to the extent permitted by law each Preference Unit Holder indemnifies the Trustee against any Loss (including Consequential Loss) incurred or suffered by the Trustee in connection with or arising out of any sale of the Sale Assets. (b) Each Preference Unit Holder’s liability under the indemnity in clause 7.7(a) is limited to its Unit Holder’s Proportion of such Loss and/or Consequential Loss.

Indemnity to Trustee for Tax and other liabilities (a) to the extent that the Trustee incurs any liability for Tax that becomes payable by the Trustee (other than Tax properly payable by the Trustee in respect of the Trustee’s taxable income or Tax which, under this Deed, is not payable out of the Assets): (i) after the Trust has been wound up; and (ii) in respect of which the Trustee would have been entitled to indemnification under this Deed had the Tax liability arisen before the Trust was wound up (ignoring any limitation on the Trustee’s right to indemnification under this Deed other than those limitations set out in clause 17.1); and (b) to the extent that the Trustee incurs any liability as a result of an act or omission requested by that Unit Holder or former Unit Holder: (i) after the Trust has been wound up; and (ii) in respect of which the Trustee would have been entitled to indemnification under this Deed had the liability arisen before the Trust was wound up (ignoring any limitation on the Trustee’s right to indemnification under this Deed other than those limitations set out in clause 17.1).