Expenditure of Funds. No provision of this Agreement shall require the Securities Intermediary to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers, if it shall have reasonable grounds to believe that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 55 contracts
Samples: Securities Account Control Agreement (Toyota Auto Receivables 2018-D Owner Trust), Control Agreement (Toyota Auto Receivables 2018-D Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2018-C Owner Trust)
Expenditure of Funds. No provision of this Agreement shall require the Securities Intermediary to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers, if it shall have reasonable grounds to believe that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 47 contracts
Samples: Securities Account Control Agreement (Toyota Auto Receivables 2024-C Owner Trust), Control Agreement (Toyota Auto Receivables 2024-C Owner Trust), Control Agreement (Toyota Auto Receivables 2024-B Owner Trust)