Common use of Indemnity Provisions Clause in Contracts

Indemnity Provisions. The Security Trustee and every attorney, agent or other person appointed by it under any of the Finance Documents may indemnify itself or himself out of the Trust Property against all claims, demands, liabilities, proceedings, costs, fees, charges, losses and expenses incurred by any of them in relation to or arising out of the taking or holding of the Trust Property, the exercise or purported exercise of the rights, trusts, powers and discretions vested in any of them or any other matter or thing done or omitted to be done in connection with any of the Finance Documents or pursuant to any law or regulation (otherwise than as a result of its gross negligence or wilful misconduct). Any appointee referred to above may enjoy the benefit and enforce the terms of this clause 27.13 in accordance with the provisions of the Contracts (Rights of Third Parties) Act 1999.

Indemnity Provisions. The Security Trustee and every attorney, agent or other person appointed by it under any of the Finance Documents may indemnify itself or himself out of the Trust Property against all claims, demands, liabilities, proceedings, costs, fees, charges, losses and expenses incurred by any of them in relation to or arising out of the taking or holding of the Trust Property, the exercise or purported exercise of the rights, trusts, powers and discretions vested in any of them or any other matter or thing done or omitted to be done in connection with any of the Finance Documents or pursuant to any law or regulation (otherwise than as a result of its gross negligence or wilful misconduct). Any 122 appointee referred to above may enjoy the benefit and enforce the terms of this clause 27.13 in accordance with the provisions of the Contracts (Rights of Third Parties) Act 1999Xxx 0000.