Common use of Indemnity to be Provided Clause in Contracts

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 117 contracts

Samples: Custody Agreement (Trust for Professional Managers), Form of Custody Agreement (Aquila Municipal Trust), Form of Custody Agreement (Aquila Municipal Trust)

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Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which may, in the opinion of the Custodiancustodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 30 contracts

Samples: Custody Agreement (Capstone Church Bond Fund), Custody Agreement (Commonwealth International Series Trust), Custody Agreement (Uc Investment Trust)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor therefore to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 17 contracts

Samples: Custody Agreement (World Funds Trust), Custody Agreement (Northern Lights Variable Trust), Custody Agreement (Arca U.S. Treasury Fund)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securitiessecurities or other assets of a Portfolio, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust such Portfolio shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 16 contracts

Samples: Custody Agreement (Aip Alternative Strategies Funds), Custody Agreement (Third Avenue Variable Series Trust), Custody Agreement (Kensington Funds)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which may, in the opinion of the Custodiancustodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor therefore to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 8 contracts

Samples: Custody Agreement (Advisorone Funds), Custody Agreement (360 Funds), Custody Agreement (Advisorone Funds)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.. 8.4

Appears in 4 contracts

Samples: Custody Agreement (LMH Fund LTD), Custody Agreement (Interactive Investments), Custody Agreement (Wells Family of Real Estate Funds)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which action involves the payment of money or which action may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 3 contracts

Samples: Custody Agreement (Wachovia Variable Insurance Funds), Custody Agreement (Wachovia Variable Insurance Funds), Custody Agreement (Wachovia Funds)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securitiessecurities or other assets of the Portfolio, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust Portfolio shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 3 contracts

Samples: Custody Agreement (JPMorgan Trust I), Custody Agreement (Coventry Group), Custody Agreement (JPMorgan Trust I)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securitiessecurities, which action involves the payment of money or which action may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 2 contracts

Samples: Custody Agreement (Ark Funds/Ma), Ark Funds/Ma

Indemnity to be Provided. If the any Trust requests the Custodian to take any action with respect to Securities, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the such Trust shall have provided indemnity therefor therefore to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (National Retail Fund II)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, Securities which may, in the opinion of the Custodiancustodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Cardinal Group)

Indemnity to be Provided. If the Trust requests the Custodian to take any ------------------------ action with respect to Securitiessecurities or other assets of a Portfolio, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust such Portfolio shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Bear Stearns Funds)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount a-mount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Coventry Group)

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Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which may, in the reasonable opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form reasonably satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Fort Pitt Capital Funds)

Indemnity to be Provided. If the Trust requests the Custodian to ------------------------ take any action with respect to Securities, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Ayco Series Trust)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.indemnity

Appears in 1 contract

Samples: Custody Agreement (Lake Shore Family of Funds)

Indemnity to be Provided. If the Advisor and/or the Trust requests the Custodian to take any action with respect to Securities, which may, in the reasonable opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Advisor and/or the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Ips Funds)

Indemnity to be Provided. If It the Trust requests the Custodian to take any action with respect to Securities, which mayman, in the opinion of the Custodian, result in the Custodian or its nominee nominees becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor therefore to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Cullen Funds Trust)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to so take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Summit Investment Trust)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securities, which Securities that may, in the reasonable opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor therefore to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Fifth Third Funds)

Indemnity to be Provided. If the Trust requests the Custodian to take any action with respect to Securitiessecurities, which action involves the payment of money or which action may, in the opinion of the Custodian, result in the Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, the Custodian shall not be required to take such action until the Trust shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.. 8.3

Appears in 1 contract

Samples: Custody Agreement (Ark Funds/Ma)

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