Past version: Effective up to 25 Apr 2013
Without limiting Rule 2.5.1, if any legal proceeding, arbitration or other proceeding is brought to impose any liability on Indemnified Persons for an alleged failure on the Indemnified Persons' part to prevent or to require action by a Trading Member or any of its Directors, Officers, Trading Representatives, employees or agents, the Trading Member must reimburse SGX-ST for:—
(1) all expenses and legal fees incurred by SGX-ST in connection with the proceedings;
(2) any payment made by SGX-ST with the approval of the Trading Member in connection with any settlement of the proceedings; and
(3) any payment made by SGX-ST as a result of any order or award made in the proceedings.