Common use of Indemnity to the Custodian Clause in Contracts

Indemnity to the Custodian. The Client agrees to indemnify the Custodian and to defend and hold the Custodian harmless from all losses, costs, damages and expenses (including reasonable legal fees) and liabilities for any claims, demands or actions (each referred to as a "Loss"), incurred by the Custodian in rendering services as provided in this Agreement or in connection with breach of this Agreement by the Client, except any Loss that results from the Custodian's failure to exercise the standard of care required by Section 14(A) hereof. In no event will the Custodian be indemnified for Loss resulting from the Custodian's negligence, willful misconduct or fraud.

Appears in 2 contracts

Samples: Global Custodial Services Agreement (Lincoln Variable Insurance Products Trust), Global Custodial Services Agreement (Jefferson Pilot Variable Fund Inc)

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Indemnity to the Custodian. The Client agrees to indemnify the Custodian and to defend and hold the Custodian harmless from all losses, costs, damages and expenses (including reasonable legal fees) and liabilities for any claims, demands or actions (each referred to as a "Loss"), incurred by the Custodian in rendering services as provided in this Agreement or in connection with breach of this Agreement by the Client, except any Loss that results from the Custodian's ’s failure to exercise the standard of care required by Section 14(A12(A) hereof. In no event will the Custodian be indemnified for Loss resulting from the Custodian's ’s negligence, willful misconduct or fraud.

Appears in 2 contracts

Samples: Custodial Services Agreement (DMS Funds), Custodial Services Agreement (Swiss Helvetia Fund, Inc.)

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Indemnity to the Custodian. The Client agrees to indemnify the Custodian and to defend and hold the Custodian harmless from all losses, costs, damages and expenses (including reasonable legal fees) and liabilities for any claims, demands or actions (each referred to as a "Loss"), ”) incurred by the Custodian in rendering services as provided in this Agreement or in connection with breach of this Agreement by the Client, except any Loss that results from the Custodian's or any agent's failure to exercise the standard of care required by Section 14(A12(A) hereof. In no event will the Custodian be indemnified for Loss resulting from the Custodian's or any agent's negligence, willful misconduct or fraud.

Appears in 1 contract

Samples: Custodial Services Agreement (Citibank,N.A./ADR)

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