Custodian's Limited Liability. The Trust shall indemnify and hold the Custodian harmless from and against any loss, damages, cost or expense (including the costs of investigation, preparation for and defense of legal and/or administrative proceedings related to a claim against it and reasonable attorneys' fees and disbursements), liability or claim incurred by reason of any inaccuracy in information furnished to the Custodian by the Trustees, or any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, provided that the Custodian shall not be indemnified and held harmless from and against any such loss, damages, cost, expense, liability or claim arising from its willful misfeasance, bad faith or gross negligence in the performance of its duties, or its reckless disregard of its duties and obligations hereunder. Neither the Federal Reserve Book Entry System nor the Depository Trust Company shall be deemed to be agents of the Custodian.
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Samples: Custodian Agreement (Equity Securities Trust I), Custodian Agreement (Decs Trust), Custodian Agreement (Equity Securities Trust I)
Custodian's Limited Liability. The Trust Trustees shall indemnify and hold the Custodian harmless from and against any loss, damages, cost or expense (including the costs of investigation, preparation for and defense of legal and/or administrative proceedings related to a claim against it and reasonable attorneys' fees and disbursements), liability or claim incurred by reason of any inaccuracy in information furnished to the Custodian by the Trustees, or any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, provided that the Custodian shall not be indemnified and held harmless from and against any such loss, damages, cost, expense, liability or claim arising from its willful misfeasance, bad faith or gross negligence in the performance of its duties, or its reckless disregard of its duties and obligations hereunder. Neither the Federal Reserve Book Entry System nor the Depository Trust Company shall be deemed to be agents of the Custodian.
Appears in 6 contracts
Samples: Custodian Agreement (Fourth Automatic Common Exchange Security Trust), Custodian Agreement (Third Automatic Common Exchange Security Trust), Custodian Agreement (Automatic Common Exchange Security Trust Ii)
Custodian's Limited Liability. The Trust shall indemnify and hold the Custodian harmless from and against any loss, damages, cost or expense (including the costs of investigation, preparation for and defense of legal and/or administrative proceedings related to a claim against it and reasonable attorneys' fees and disbursements), liability or claim incurred by reason of any inaccuracy in information furnished to the Custodian by the TrusteesTrust, or any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, provided that the Custodian shall not be indemnified and held harmless from and against any such loss, damages, cost, expense, liability or claim arising from its willful misfeasance, bad faith or gross negligence in the performance of its duties, or its reckless disregard of its duties and obligations hereunder. Neither the Federal Reserve Book Entry System nor the The Depository Trust Company shall be deemed to be agents of the Custodian.
Appears in 2 contracts
Samples: Custodian Agreement (Estee Lauder Automatic Common Exchange Security Trust Ii), Custodian Agreement (Nextel Strypes Trust)
Custodian's Limited Liability. The Trust shall indemnify and hold the Custodian harmless from and against any loss, damages, cost or expense (including the costs of investigation, preparation for and defense of legal and/or administrative proceedings related to a claim against it and reasonable attorneys' fees and disbursements), liability or claim incurred by reason of any inaccuracy in information furnished to the Custodian by the Trustees, or any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, provided that the Custodian shall not be indemnified and held harmless from and against any such loss, damages, cost, expense, liability or claim arising from its willful misfeasance, bad faith or gross negligence in the performance of its duties, or its reckless disregard of its duties and obligations hereunder. Neither the Federal Reserve Book Entry System nor the Depository Trust Company shall be deemed to be agents of the Custodian.
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Samples: Custodian Agreement (Mandatory Common Exchange Trust)
Custodian's Limited Liability. The Trust shall indemnify and hold the Custodian harmless from and against any loss, damages, cost or expense (including the reasonable costs of investigation, preparation for and defense of legal and/or administrative proceedings related to a claim against it and reasonable attorneys' fees and disbursements), liability or claim incurred by reason of any inaccuracy in information furnished to the Custodian by the Trustees, or any act or omission in the course of, connected with or arising out of any services to be rendered hereunder, provided that the Custodian shall not be indemnified and held harmless from and against any such loss, damages, cost, expense, liability or claim arising from its willful misfeasance, bad faith or gross negligence in the performance of its duties, or its reckless disregard of its duties and obligations hereunder. Neither the Federal Reserve Book Entry System nor the Depository Trust Company shall be deemed to be agents of the Custodian.
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