Sample Contract Reprinted with permission courtesy of the State Bank of Pakistan

INDEMNITIES

The Supplier shall indemnify the Institution against any expense, which the Institution shall prove as rightly incurred by it as a consequence of

1. 
   any default in performance of any obligations under the Principal Documents,
   

2. 
   the occurrence of any Event of Default, and
   

3. 
   arising out of any misrepresentation
   

11. INCREASED COSTS

If any law or regulation or any order of any court, tribunal or authority has the effect of subjecting the Supplier to Taxes or changes the basis or rate of Taxation with respect to any payment or other obligation under this Agreement (other than Taxes or Taxation on the overall income of the Institution), the same shall be borne by the Supplier. No additional amount will be demanded or become payable by Institution;

12.