Common use of Indemnity in favour of the Agents Clause in Contracts

Indemnity in favour of the Agents. ‌ The Issuer shall indemnify each Agent against any claims, demands, actions, liabilities, damages, costs, losses or expenses (together "Losses") (including, without limitation, reasonable legal fees and any applicable value added tax paid or incurred in disputing or defending any Losses) which it incurs, other than such costs and expenses as are separately agreed to be reimbursed out of the fees payable under Clause 12.1 (Fees) and otherwise than by reason of its own negligence, wilful default or bad faith or that of its officers, directors or employees, as a result or arising out of or in relation to its appointment or the exercise of its powers and duties under this Agreement. The Issuer shall not be liable to any Agent for consequential or indirect loss of any kind whatsoever or for loss of business, goodwill, opportunity or profit. The indemnity set out in this Clause 13.5 shall survive the termination or expiry of the Agreement and the resignation and/or removal of the Agent.

Appears in 2 contracts

Samples: Agreement, Agreement

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Indemnity in favour of the Agents. The Issuer shall indemnify each Agent against any claims, demands, actions, liabilities, damages, costs, losses or expenses (together "Losses") (including, without limitation, reasonable legal fees and any applicable value added tax paid or incurred in disputing or defending any Losses) which it incurs, other than such costs and expenses as are separately agreed to be reimbursed out of the fees payable under Clause 12.1 (Fees) and otherwise than by reason of its own negligence, wilful default or bad faith or that of its officers, directors or employees, as a result or arising out of or in relation to its appointment or the exercise of its powers and duties under this Agreement. The Issuer shall not be liable to any Agent for consequential or indirect loss of any kind whatsoever or for loss of business, goodwill, opportunity or profit. The indemnity set out in this Clause 13.5 shall survive the termination or expiry of the Agreement and the resignation and/or removal of the Agent.

Appears in 1 contract

Samples: Issue and Paying Agency Agreement

Indemnity in favour of the Agents. The Issuer shall indemnify each Agent against any claims, demands, actions, liabilities, damages, costs, losses or expenses (together "Losses") (including, without limitation, reasonable legal fees and any applicable value added tax paid or incurred in disputing or defending any Losses) which it incurs, other than such costs and expenses as are separately agreed to be reimbursed out of the fees payable under Clause 12.1 (Fees) and otherwise than by reason of its own negligencenegligence or wilful misconduct, wilful default or bad faith or that of its officers, directors or employees, as a result or arising out of or in relation to its appointment or the exercise of its powers and duties under this Agreement. The Issuer No Agent shall not be liable to any Agent the Issuer for consequential or indirect loss of any kind whatsoever or for loss of business, goodwill, opportunity or profit. The indemnity set out in this Clause 13.5 13.4 shall survive the termination or expiry of the Agreement and the resignation and/or removal of the Agent.

Appears in 1 contract

Samples: Issue and Paying Agency Agreement

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Indemnity in favour of the Agents. The Issuer shall indemnify each Agent against any claims, demands, actions, liabilities, damages, costs, losses or expenses (together "Losses") (including, without limitation, reasonable legal fees and any applicable value added tax paid or incurred in disputing or defending any Losses) which it incurs, other than such costs and expenses as are separately agreed to be reimbursed out of the fees payable under Clause 12.1 (Fees) and otherwise than by reason of its own negligence, wilful default or bad faith or that of its officers, directors or employees, as a result or arising out of or in relation to its appointment or the exercise of its powers and duties under this Agreement. The Issuer shall not be liable to any Agent for consequential or indirect loss of any kind whatsoever or for loss of business, goodwill, opportunity or profit. The indemnity set out in this Clause 13.5 13.4 shall survive the termination or expiry of the Agreement and the resignation and/or removal of the Agent.

Appears in 1 contract

Samples: Issue and Paying Agency Agreement

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