Common use of Indemnity to be Provided Clause in Contracts

Indemnity to be Provided. If the Company 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 Company shall indemnify and have provided a separate agreement to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 19 contracts

Samples: Custody Agreement (Unified Series Trust), Custody Agreement (Poolit Horizon Fund I, Inc.), Custody Agreement (AOG Institutional Diversified Tender Fund)

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Indemnity to be Provided. If the Company 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 Company shall indemnify and have provided a separate agreement indemnity therefor to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 15 contracts

Samples: Custody Agreement (Prospect Energy Corp), Custody Agreement (Mexico Equity & Income Fund Inc), Custody Agreement (Tortoise Capital Resources Corp)

Indemnity to be Provided. If the Company Corporation 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 Company Corporation shall indemnify and have provided a separate agreement indemnity therefor to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 11 contracts

Samples: Custody Agreement (Agile Funds Inc), Custody Agreement (Norcap Funds Inc), Custody Agreement (Pebblebrook Fund Inc)

Indemnity to be Provided. If the Company requests the Custodian to take any action with respect to Securitiessecurities or other assets of the Company, 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 Company shall indemnify and have provided a separate agreement indemnity therefor to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 10 contracts

Samples: Custody Agreement (Kayne Anderson MLP Investment CO), Custody Agreement (Kayne Anderson Energy Development Co), Custody Agreement (Kayne Anderson Energy Total Return Fund, Inc.)

Indemnity to be Provided. If the Company Corp 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 Company Corp shall indemnify and have provided a separate agreement indemnity therefor to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 6 contracts

Samples: Custody Agreement (Fmi Mutual Funds Inc), Custody Agreement (Brandywine Blue Fund Inc), Custody Agreement (Brandywine Fund Inc)

Indemnity to be Provided. If the Company 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 Company shall indemnify and have provided a separate agreement indemnity therefor to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 4 contracts

Samples: Custody Agreement (Capstone Growth Fund Inc), Custody Agreement (Hughes Funds Inc), Custody Agreement (Grand Prix Funds Inc)

Indemnity to be Provided. If the a Company 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 Company shall indemnify and have provided a separate agreement indemnity therefor to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 2 contracts

Samples: Custody Agreement (American Eagle Funds Inc), Custody Agreement (Jundt Funds Inc)

Indemnity to be Provided. If the Company requests the Custodian to take any action with respect to Securities, which Securities that 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 Company shall indemnify and have provided a separate agreement indemnity therefor to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Mercantile Funds Inc)

Indemnity to be Provided. If the Company 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 Company shall indemnify and have provided a separate agreement indemnity therefor to indemnify the Custodian in an amount and form reasonably satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Brantley Mezzanine Capital Corp)

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Indemnity to be Provided. If the Company 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 Company shall indemnify and have provided a separate agreement indemnity therefore to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Steward Funds, Inc.)

Indemnity to be Provided. If the Company requests Corporation request 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 Company Corporation shall indemnify and have provided a separate agreement indemnity therefor to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Perritt Microcap Opportunities Fund Inc)

Indemnity to be Provided. If the Company 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 Company shall indemnify and have provided a separate agreement indemnity therefore to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Herzfeld Caribbean Basin Fund Inc)

Indemnity to be Provided. If the Company 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 Company Company, on behalf of the applicable Fund, shall indemnify and have provided a separate agreement indemnity therefore to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Ultimus Managers Trust)

Indemnity to be Provided. If the Company 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 Company shall indemnify and have provided a separate agreement indemnity thereto to indemnify the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Northern Lights Fund Trust Ii)

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