Common use of Financial Liability Clause in Contracts

Financial Liability. No provision of this Deed or the Note Conditions shall require the Note Trustee to do anything which may be illegal or contrary to applicable law or regulation or expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such fund or adequate indemnity against such risk or liability is not assured to it.