Common use of Bulk Application Clause in Contracts

Bulk Application. If CSSS makes a bulk application for its own account, on your behalf and/or on behalf of CSSS' other clients, you agree: (a) that such bulk application may be rejected for reasons that are unrelated to you or your application, and neither CSSS nor its Agent shall, in the absence of fraud, gross negligence or wilful default, be liable to you or any other person as a result of such rejection; and (b) to fully indemnify CSSS against all loss and liability which CSSS may suffer if such bulk application is rejected due to any breach of your representations, warranties and/or undertakings or other factors relating to you. You acknowledge that you may also be liable for any loss or damage to other persons affected by such breach or other factors.