Master Issuer's Indemnity. Subject to the priority of payments set out in the Master Issuer Cash Management Agreement or the Master Issuer Deed of Charge, as the case may be, the Master Issuer shall indemnify the Master Issuer Account Bank or, pursuant to Clause 7.3, the Master Issuer Security Trustee, as the case may be, to the extent of funds then standing to the credit of the relevant Master Issuer Account against any loss, cost, damage, charge or expense incurred by the Master Issuer Account Bank or the Master Issuer Security Trustee, as the case may be, in complying with any instruction delivered pursuant to and in accordance with this Agreement, save that this indemnity shall not extend to:
Appears in 3 contracts
Samples: Account Agreement (Permanent Funding (No. 2) LTD), Permanent Funding (No. 2) LTD, Permanent Funding (No. 2) LTD
Master Issuer's Indemnity. Subject to the priority of payments set out in the Master Issuer Cash Management Agreement or the Master Issuer Deed of Charge, as the case may be, the Master Issuer shall indemnify the each Master Issuer Account Bank or, pursuant to Clause 7.3, the Master Issuer Security Trustee, as the case may be, to the extent of funds then standing to the credit of the relevant Master Issuer Account against any loss, cost, damage, charge or expense incurred by the relevant Master Issuer Account Bank or the Master Issuer Security Trustee, as the case may be, in complying with any instruction delivered pursuant to and in accordance with this Agreement, save that this indemnity shall not extend to:
Appears in 3 contracts
Samples: Master Issuer Bank Account Agreement, Master Issuer Bank Account Agreement, Master Issuer Bank Account Agreement (Holmes Funding LTD)
