Common use of Obligations of the Depositary Clause in Contracts

Obligations of the Depositary. the Depositary’s Agents, the Registrar and the Corporation. Neither the Depositary nor any Depositary’s Agent nor any Registrar nor the Corporation assumes any obligation or shall be subject to any liability under this Deposit Agreement to Holders of Receipts other than for its gross negligence, willful misconduct or bad faith (which gross negligence, willful misconduct, or bad faith must be determined by a final, non-appealable order, judgement, decree or ruling of a court of competent jurisdiction).

Appears in 4 contracts

Samples: Deposit Agreement (PNC Financial Services Group, Inc.), Deposit Agreement (PNC Financial Services Group, Inc.), Deposit Agreement (PNC Financial Services Group, Inc.)

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