Indemnity to be Provided. If the Company requests Custodian to take any action with respect to securities or other assets of a Portfolio, which may, in the opinion of Custodian, result in Custodian or its nominee becoming liable for the payment of money or incurring liability of some other form, Custodian shall not be required to take such action until such Portfolio shall have provided indemnity therefor to Custodian in an amount and form satisfactory to Custodian.
Appears in 4 contracts
Samples: Custody Agreement (Needham Funds Inc), Custody Agreement (Warburg Pincus Long Short Market Neutral Fund Inc), Custody Agreement (Lipper Funds Inc)
Indemnity to be Provided. If the Company Portfolio requests the Custodian to take any action with respect to securities or other assets of a PortfolioSecurities, 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 such the 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 (Aggressive Growth Mutual Fund Portfolio), Custody Agreement (Growth Mutual Fund Portfolio), Custody Agreement (Flex Funds)
