Issuer’s Indemnity. Subject to the Payments Priorities, as applicable, the Issuer shall indemnify the Account Bank, the Trustee and/or the Administrator, as the case may be, and their respective directors and employees against any loss, cost, damage, charge or expense incurred by the Account Bank, the Trustee and/or the Administrator, as the case may be, or their respective directors and employees in complying with any instruction delivered pursuant to and in accordance with this Agreement or otherwise in carrying out its obligations under this Agreement, save that this indemnity shall not extend to: (a) the charges of the Account Bank (if any) for the operation of any Account other than as provided in this Agreement; and (b) any wilful misconduct, wilful default, fraud or negligence of the Account Bank, the Trustee or the Administrator, as the case may be, or that of their respective officers, agents and/or employees. The indemnity under this Clause shall survive the expiry or termination of this Agreement or the appointment of the Account Bank.
Appears in 2 contracts
Issuer’s Indemnity. Subject to the Payments Priorities, as applicable, the Issuer shall indemnify the Account Bank, the Trustee and/or the any Administrator, as the case may be, and their respective directors and employees against any loss, cost, damage, charge or expense incurred by the Account Bank, the Trustee and/or the any Administrator, as the case may be, or their respective directors and employees in complying with any instruction delivered pursuant to and in accordance with this Agreement or otherwise in carrying out its obligations under this Agreement, save that this indemnity shall not extend to:
(a) the charges of the Account Bank (if any) for the operation of any Account other than as provided in this Agreement; and
(b) any wilful misconduct, wilful default, fraud or negligence of the Account Bank, the Trustee or the any Administrator, as the case may be, or that of their respective officers, agents and/or employees. The indemnity under this Clause shall survive the expiry or termination of this Agreement or the appointment of the Account Bank.
Appears in 2 contracts
Samples: Account Bank Agreement, Account Bank Agreement
Issuer’s Indemnity. Subject to the Payments Priorities, as applicable, the Issuer shall indemnify the Account Bank, the Trustee and/or the any Administrator, as the case may be, and their respective directors and employees against any loss, cost, damage, charge or expense incurred by the Account Bank, the Trustee and/or the any Administrator, as the case may be, or their respective directors and employees in complying with any instruction delivered pursuant to and in accordance with this Agreement or otherwise in carrying out its obligations under this Agreement, save that this indemnity shall not extend to:
(a) the charges of the Account Bank (if any) for the operation of any Account other than as provided in this Agreement; and
(b) any wilful misconduct, wilful default, fraud or negligence of the Account Bank, the Trustee or the any Administrator, as the case may be, or that of their respective officers, agents and/or employees. The indemnity under this Clause shall survive the expiry or termination of this Agreement or the appointment of the Account Bank.
Appears in 1 contract
Samples: Account Bank Agreement
Issuer’s Indemnity. Subject to the Payments Priorities, as applicable, the Issuer shall indemnify the Account Bank, the Trustee and/or the any Administrator, as the case may be, and their respective directors and employees against any loss, cost, damage, charge or expense incurred by the Account Bank, the Trustee and/or the any Administrator, as the case may be, or their respective directors and employees in complying with any instruction delivered pursuant to and in accordance with this Agreement or otherwise in carrying out its obligations under this Agreement, save that this indemnity shall not extend to:
(a) the charges of the Account Bank (if any) for the operation of any Account other than as provided in this Agreement; and
(b) any wilful misconduct, wilful default, fraud or negligence of the Account Bank, the Trustee or the any Administrator, as the case may be, or that of their respective officers, agents and/or employees. The indemnity under this Clause 11.2 shall survive the expiry or termination of this Agreement or the appointment of the Account Bank.
Appears in 1 contract
Samples: Account Bank Agreement
Issuer’s Indemnity. Subject to the Payments Priorities, as applicable, the Issuer shall indemnify the Account Bank, the Trustee and/or the Administrator, as the case may be, and their respective directors and employees against any loss, cost, damage, charge or expense incurred by the Account Bank, the Trustee and/or the Administrator, as the case may be, or their respective directors and employees in complying with any instruction delivered pursuant to and in accordance with this Agreement or otherwise in carrying out its obligations under this Agreement, save that this indemnity shall not extend to:
(a) the charges of the Account Bank (if any) for the operation of any Account other than as provided in this Agreement; and
(b) any wilful misconduct, wilful default, fraud or negligence of the Account Bank, the Trustee or the Administrator, as the case may be, or that of their respective officers, agents and/or employees. The indemnity under this Clause shall survive the expiry or termination of this Agreement or the appointment of the Account Bank.
Appears in 1 contract
Samples: Account Bank Agreement