Common use of Custodians and nominees Clause in Contracts

Custodians and nominees. The Collateral Agent may appoint and pay any Person to act as a custodian or nominee on any terms in relation to any asset of the trust as the Collateral Agent may determine, including for the purpose of depositing with a custodian this Note or any document relating to the trust created under this Note and the Collateral Agent shall not be responsible for any loss, liability, expense, demand, cost, claim or proceedings incurred by reasons of the misconduct, omission or default on the part of any Person appointed by it under this Note or be bound to supervise the proceedings or acts of any Person.

Custodians and nominees. The Collateral Agent may appoint and pay any Person person to act as a custodian or nominee on any terms in relation to any asset of the trust as the Collateral Agent may determine, including for the purpose of depositing with a custodian this Note Deed or any document relating to the trust created under this Note Deed and the Collateral Agent shall not be responsible for any loss, liability, expense, demand, cost, claim or proceedings incurred by reasons reason of the misconduct, omission or default on the part of any Person person appointed by it under this Note Deed or be bound to supervise the proceedings or acts of any Personperson.

Custodians and nominees. The Collateral Agent may appoint and pay any Person person to act as a custodian or nominee on any terms in relation to any asset assets of the trust as the Collateral Agent may determine, including for the purpose of depositing with a custodian this Note Deed or any document relating to the trust created under this Note Deed and the Collateral Agent shall not be responsible for any loss, liability, expense, demand, cost, claim or proceedings incurred by reasons reason of the misconduct, omission or default on the part of any Person person appointed by it under this Note Deed or be bound to supervise the proceedings or acts of any Personperson.

Custodians and nominees. The Collateral Agent Trustee may appoint and pay any Person person to act as a custodian or nominee on any terms in relation to any asset assets of the trust as the Collateral Agent Trustee may determine, including for the purpose of depositing with a custodian this Note Deed or any document relating to the trust created under this Note Deed and the Collateral Agent Trustee shall not be responsible for any loss, liability, expense, demand, cost, claim or proceedings incurred by reasons reason of the misconduct, omission or default on the part of any Person person appointed by it under this Note Deed or be bound to supervise the proceedings or acts of any Personperson.