Common use of Indemnity to be Provided Clause in Contracts

Indemnity to be Provided. If the Fund 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 Fund shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 12 contracts

Samples: Custody Agreement (Builders Fixed Income Fund Inc), Custody Agreement (Treasurers Fund Inc /Md/), Custody Agreement (Bridges Investment Fund Inc)

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

Appears in 5 contracts

Samples: Custody Agreement (Endowment Registered Fund L P), Custody Agreement (Endowment Registered Fund L P), Custody Agreement (Endowment TEI Fund, L.P.)

Indemnity to be Provided. If the Fund 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 Fund shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 2 contracts

Samples: Custody Agreement (Bear Stearns Funds), Custody Agreement (RBB Fund Inc)

Indemnity to be Provided. If the Fund 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 Fund shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 2 contracts

Samples: Custody Agreement (Pacholder Fund Inc), Custody Agreement (Pacholder Fund Inc)

Indemnity to be Provided. If the Fund 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 Fund shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 2 contracts

Samples: Custody Agreement (Stonebridge Growth Fund Inc), Custody Agreement (Msd&t Funds Inc)

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

Appears in 2 contracts

Samples: Custody Agreement (Wilshire Mutual Funds Inc), Custody Agreement (Wilshire Mutual Funds Inc)

Indemnity to be Provided. If the Fund 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 Fund shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (RBB Fund Inc)

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Indemnity to be Provided. If the Fund 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 Fund shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (RBB Fund Inc)

Indemnity to be Provided. If the Fund 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 Fund shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Stonebridge Aggressive Growth Fund Inc)

Indemnity to be Provided. If the Fund 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 Fund shall have provided indemnity therefor to the Custodian in an amount and form satisfactory to the Custodian.

Appears in 1 contract

Samples: Custody Agreement (Northstar Advantage Trust)

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