Common use of MASTER ISSUER'S INDEMNITY Clause in Contracts

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: (a) the charges of the Master Issuer Account Bank (if any) for the operation of the Master Issuer Accounts other than as provided in this Agreement; and (b) any loss, cost, damage, charge or expense arising from any breach by the Master Issuer Account Bank of its obligations under this Agreement.

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: (a) the charges of the a Master Issuer Account Bank (if any) for the operation of the its Master Issuer Transaction Accounts other than as provided in this Agreement; and (b) any loss, cost, damage, charge or expense arising from any breach by the a Master Issuer Account Bank of its obligations under this Agreement.