Compliance with Legal Processes and Judicial Orders. If any Account Property subject to this Agreement is at any time attached or levied upon, or in case the transfer, delivery, redemption or withdrawal of any such Account Property shall be stayed or enjoined, or in the case of any other legal process or judicial order affecting such Account Property, the Custodian is authorized to comply with any such order in any matter as the Custodian or its legal counsel reasonably deems appropriate. If the Custodian complies with any process, order, writ, judgment or decree relating to the Account Property in accordance with the preceding sentence, then the Custodian shall not be liable to the Borrower, the Administrative Agent or the Collateral Agent or to any other person or entity even if such order or process is subsequently modified, vacated or otherwise determined to have been without legal force or effect.
Appears in 6 contracts
Samples: Guarantee and Security Agreement, Guarantee and Security Agreement, Custodial Agreement (Nuveen Mortgage Opportunity Term Fund 2)
