Common use of Payment and Indemnity Clause in Contracts

Payment and Indemnity. 13.1 An action by the Trustee and any outcome of an action by the Trustee, directly or indirectly, shall not render the Trustee liable for any payment whatsoever. In any event in which the Trustee is directly or indirectly ordered to make any payment in connection with its actions as trustee, the Company undertakes to directly effect and make the payment which shall be required, for so long as it is a payment relating to the trust, or to indemnify the Trustee for a payment as aforesaid upon demand received from it.