Common use of Duties of Warrant Agent Clause in Contracts

Duties of Warrant Agent. (1) The Warrant Agent, in exercising its powers and discharging its duties hereunder, shall: (a) act honestly and in good faith; and (b) exercise the care, diligence and skill that a reasonably prudent warrant agent would exercise in comparable circumstances.

Duties of Warrant Agent. (1) The Warrant Agent, in exercising its powers and discharging its duties hereunder, shall: (a1) act honestly and in good faith; and (b2) exercise the care, diligence and skill that a reasonably prudent warrant agent would exercise in comparable circumstances.

Duties of Warrant Agent. (1) The Warrant Agent, in exercising its powers and discharging its duties hereunder, shall: (a) act honestly and in good faith; and (b) exercise the care, diligence and skill that a reasonably prudent warrant agent would exercise in comparable circumstances.

Duties of Warrant Agent. (1) The Warrant Agent, in exercising its powers and discharging its duties hereunder, shall: (a1) act honestly and in good faith; and (b2) exercise the care, diligence and skill that a reasonably prudent warrant agent would exercise in comparable circumstances. No provision of this Indenture shall be construed to relieve the Warrant Agent from, or require any other person to indemnify the Warrant Agent against, liability for its own gross negligence, wilful misconduct, bad faith or fraud.

Duties of Warrant Agent. (1) 9.10.1 The Warrant Agent, in exercising its powers and discharging its duties hereunder, shall: (a) act honestly and in good faith; and (b) exercise the care, diligence and skill that a reasonably prudent warrant agent would exercise in comparable circumstances.