Examples of Custodial Assets in a sentence
In particular, if such broker or third party defaults in any obligation to deliver Custodial Assets or pay cash, the Custodian shall have no liability to the Issuer or the Trustee or any other party for such non-delivery or payment.
The Custodian shall not be liable to the Issuer for the collection, deposit or credit of any invalid, fraudulent or forged Custodial Assets.
The Custodian neither warrants nor guarantees the authenticity of any Custodial Assets received by it, or by any other entity authorised to hold Custodial Assets under this Agreement.
The Trustee shall not be responsible for the fees or expenses of the Custodian (including the fee of any Sub-Custodian) for acting as Custodian pursuant to this Agreement and of any Sub-Custodian for acting as Sub-Custodian in relation to any Custodial Assets as the case may be).
Without limiting the generality of the foregoing, the Custodian shall not be obliged to appear in or defend any suit with respect to any of the Custodial Assets in respect of each Series of Obligations unless it is requested to do so in writing by the Issuer and the Trustee and is indemnified and/or secured to its satisfaction.