Common use of PERFORMANCE AND INDEMNITY Clause in Contracts

PERFORMANCE AND INDEMNITY. Notwithstanding the foregoing, each of the Chargors shall remain liable to perform all the obligations to be performed by it in respect of the Collateral and shall discharge fully its obligations thereunder as they become due and neither the Security Trustee nor any of the Finance Parties shall have any obligation of any kind whatsoever thereunder or be under any liabilities whatsoever in the event of any failure to perform their obligations thereunder, and each of the Chargors hereby indemnifies and agrees to keep indemnified the Security Trustee, and the other Finance Parties and each of them from and against any such liability unless such liability arose from the gross negligence, or wilful misconduct of the Security Trustee or the Finance Parties. [Singapore Group Debenture]

PERFORMANCE AND INDEMNITY. Notwithstanding the foregoing, each of the Chargors shall remain liable to perform all the obligations to be performed by it in respect of the Collateral and shall discharge fully its obligations thereunder as they become due and neither the Security Trustee nor any of the Finance Parties shall have any obligation of any kind whatsoever thereunder or be under any liabilities whatsoever in the event of any failure to perform their obligations thereunder, and each of the Chargors hereby indemnifies and agrees to keep indemnified the Security Trustee, and the other Finance Parties and each of them from and against any such liability unless such liability arose from the gross negligence, negligence or wilful misconduct of the Security Trustee or the Finance Parties. [Singapore Group Debenture].