Issuer Indemnity. (a) Subject to the Priorities of Payments and the Deed of Charge, the Issuer shall indemnify the Account Bank and the GIC Provider or, pursuant to Clause 7.5 (Consequences of a Note Acceleration Notice), the Security Trustee, as the case may be, against any loss, cost, damage, demand, liability charge or expense (including any Irrecoverable VAT in respect thereof) properly incurred by the Account Bank or the GIC Provider or the Security Trustee, as the case may be, in (i) complying with any instruction delivered pursuant to and in accordance with this Agreement or the Guaranteed Investment Contract and (ii) relying on any certification provided pursuant to and in accordance with this Agreement or the Guaranteed Investment Contract, save that this indemnity shall not extend to:
Appears in 4 contracts
Samples: Account Agreement, www.ybs.co.uk, Bank Account Agreement
Issuer Indemnity. (a) Subject to the Priorities of Payments and the Deed of Charge, the Issuer shall indemnify the Account Bank and the GIC Provider or, pursuant to Clause 7.5 (Consequences of a Note Acceleration Notice), the Security Trustee, as the case may be, against any loss, cost, damage, demand, liability charge or expense (including any Irrecoverable VAT in respect thereof) properly incurred by the Account Bank or the GIC Provider or the Security Trustee, as the case may be, in (i) complying with any instruction delivered pursuant to and in accordance with this Agreement or the Guaranteed Investment Contract and (ii) relying on any certification provided pursuant to and in accordance with this Agreement or the Guaranteed Investment Contract, or the Security Trustee, as the case may be, save that this indemnity shall not extend to:
Appears in 2 contracts
Samples: Account Agreement, Account Agreement
Issuer Indemnity. (a) Subject to the Priorities of Payments and the Deed of Charge, the Issuer shall indemnify the Account Bank and the GIC Provider or, pursuant to Clause 7.5 (Consequences of a Note Acceleration Notice), the Security Trustee, as the case may be, against any loss, cost, damage, demand, liability charge or expense (including any Irrecoverable VAT in respect thereof) properly incurred by the Account Bank or the GIC Provider or the Security Trustee, as the case may be, in (i) complying with any instruction delivered pursuant to and in accordance with this Agreement or the Guaranteed Investment Contract and (ii) relying on any certification provided pursuant to and in accordance with this Agreement or the Guaranteed Investment Contract, or the Security Trustee, as the case may be, save that this indemnity shall not extend to:
Appears in 1 contract
Samples: Account Agreement
