Common use of Condition to Action Clause in Contracts

Condition to Action. The obligation of the Trustee to take any action on behalf of the Holders pursuant to Sections 3.2 and 3.3 shall be conditional upon the Trustee receiving from either the interested party referred to in Section 3.2, the Corporation or from one or more Holders such funds and indemnity as the Trustee may reasonably require in respect of any costs or expenses which it may incur in connection with any such action. The Corporation shall provide such reasonable funds and indemnity to the Trustee if the Trustee has delivered to the Corporation the certificate referred to in Section 3.2.

Condition to Action. The obligation of the Trustee to take any action on behalf of the Holders pursuant to Sections 3.2 and 3.3 shall be conditional upon the Trustee receiving from either the interested party referred to in Section 3.2, the Corporation Company or from one or more Holders such funds and indemnity as the Trustee may reasonably require in respect of any costs or expenses which it may incur in connection with any such action. The Corporation Company shall provide such reasonable funds and indemnity to the Trustee if the Trustee has delivered to the Corporation Company the certificate referred to in Section 3.2.

Condition to Action. ‌ The obligation of the Trustee to take any action on behalf of the Limited Voting Holders pursuant to Sections Section 3.2 and Section 3.3 shall be conditional upon the Trustee receiving from either the interested party referred to in Section 3.2, the Corporation Company or from one or more Limited Voting Holders such funds and indemnity as the Trustee may reasonably require in respect of any costs or expenses which it may incur in connection with any such action. The Corporation Company shall provide such reasonable funds and indemnity to the Trustee if the Trustee has delivered to the Corporation Company the certificate written notice referred to in Section 3.2.