Common use of Responsibility of the Client Clause in Contracts

Responsibility of the Client. The Client agrees to be responsible for all losses, actions, proceedings, claims, demands, liabilities, taxes, costs and expenses of the Bank and each member of the group of companies and other entities controlled by Deutsche Bank AG ("Group Entities") arising out of any transaction or service provided by the Bank to the Client, except to the extent that these result from the negligence, wilful misconduct or fraud of the Bank or of any Group Entity.