Common use of Financial Liability Clause in Contracts

Financial Liability. No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if it reasonably believes, after consultation with counsel, that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

Appears in 2 contracts

Sources: Shareholder Rights Plan Agreement (Gold Royalty Corp.), Shareholder Rights Plan Agreement (Gold Royalty Corp.)

Financial Liability. No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder (other than internal costs incurred by the Rights Agent in providing services to the Corporation in the ordinary course of its business as Rights Agent) or in the exercise of its rights if it reasonably believes, after consultation with counsel, that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

Appears in 1 contract

Sources: Shareholder Rights Plan Agreement (MFC Industrial Ltd.)

Financial Liability. No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the 42 performance of any of its duties hereunder or in the exercise of its rights if it reasonably believes, after consultation with counsel, that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

Appears in 1 contract

Sources: Shareholder Rights Plan Agreement (Gold Royalty Corp.)