Standing Instructions. (a) For Standing Instructions, We accept the instructions specified herein, including those mentioned in Clause 10.2 above, based on the following conditions, which form the terms of a contract between the Us and You. (b) We shall not be liable for any loss, consequential loss, fees, damages, expenses, claims costs or other obligations of any kind resulting from: (i) any errors, neglects or defaults, acts or omissions whether of itself or of its employees or any correspondents, sub-agents or other agents or their employees; or (ii) any delays, loss in transit, errors of transmission or translation occurring in course of transfer by mail, cable or wire, whether on our part or our employees or on the part of any post or telegraph authority or cable, wireless, courier or transport company or any of them which the Bank may choose to make use of such transfer. (c) You hereby agree and undertake to keep Us indemnified against all costs, claims expenses, and liabilities whatsoever in respect of or arising out of the Standing Instructions specified.
Appears in 3 contracts
Sources: Master Securities Backed Credit Facility Agreement, Master Securities Backed Credit Facility Agreement, Master Securities Backed Credit Facility Agreement