Common use of By Agents Clause in Contracts

By Agents. Each Agent shall indemnify the Issuer against any loss, liability, cost, claim, action, demand or expense (including, but not limited to, all reasonable costs, charges and expenses paid or incurred in disputing or defending any of the foregoing) that the Issuer may incur or that may be made against it arising out of or in relation to or in connection with a breach by that Agent of this Agreement or its negligence, bad faith or wilful default or that of its officers, employees or agents. For the avoidance of doubt, the indemnity provided in this paragraph shall also cover any loss, liability, cost, claim, action, demand or expenses suffered by the Issuer (including, but not limited to, any costs incurred in connection with the recovery from the Agent of payments made to the Spanish tax authorities) as a result of the failure by the Agent to comply with its obligations in Schedule 5 to this Agreement (Procedures to be performed by the Issuer and the Paying Agent in connection with Spanish Law 10/2014, of June 26, and Royal Decree 1065/2007, of July 27, as amended by Royal Decree 1145/2011, of July 29).