Common use of Expenses and Indemnity Clause in Contracts

Expenses and Indemnity. (a) In connection with the Registrar’s appointment and duties as Registrar, the Province will pay the Registrar compensation in an amount separately agreed upon by the Province and the Registrar. The Province will indemnify and hold harmless the Registrar and each Paying Agent against all claims, actions, demands, damages, costs, losses or liability which may be incurred by the Registrar or any Paying Agent by reason of, or in connection with, the Registrar’s or any Paying Agent’s appointment and duties as such, except as such result from any negligent act or omission, bad faith or willful misconduct of the Registrar or any Paying Agent or their respective directors, officers, employees or agents. In addition, the Province will (i) indemnify and hold harmless the DTC Custodian on the same basis as aforesaid in respect of its duties as custodian for DTC less any amounts received by the DTC Custodian from DTC in connection with any applicable indemnity provided by DTC to the DTC Custodian but only to the extent the DTC Custodian is not otherwise entitled to be indemnified or held harmless by DTC, and (ii) shall, pursuant to arrangements separately agreed upon by the Province and the Registrar, transfer to the Registrar, upon presentation of substantiating documentation satisfactory to the Province acting reasonably, amounts sufficient to reimburse the Registrar for certain out-of-pocket expenses reasonably incurred by it and by any Paying Agent in connection with their services. The obligation of the Province under this paragraph shall survive payment of the Bonds, termination of this Agreement and resignation or removal of the Registrar.

Appears in 11 contracts

Samples: Fiscal Agency Agreement (Ontario Province Of), Fiscal Agency Agreement (Ontario Province Of), Fiscal Agency Agreement (Ontario Province Of)

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Expenses and Indemnity. (a) In connection with the Registrar’s appointment and duties as Registrar, the Province will pay the Registrar compensation in an amount separately agreed upon by the Province and the Registrar. The Province will indemnify and hold harmless the Registrar and each Paying Agent against all claims, actions, demands, damages, costs, losses or liability which may be incurred by the Registrar or any Paying Agent by reason of, or in connection with, the Registrar’s or any Paying Agent’s appointment and duties as such, except as such result from any negligent act or omission, bad faith or willful misconduct of the Registrar or any Paying Agent or their respective directors, officers, employees or agents. In addition, the Province will (i) indemnify and hold harmless the DTC Custodian on the same basis as aforesaid in respect of its duties as custodian for DTC less any amounts received by the DTC Custodian from DTC in connection with any applicable indemnity provided by DTC to the DTC Custodian but only to the extent the DTC Custodian is not otherwise entitled to be indemnified or held harmless by DTC, and (ii) shall, pursuant to arrangements separately agreed upon by the Province and the Registrar, transfer to the Registrar, upon presentation of substantiating documentation satisfactory to the Province acting reasonably, amounts sufficient to reimburse the Registrar for certain out-of-pocket out‑of‑pocket expenses reasonably incurred by it and by any Paying Agent in connection with their services. The obligation of the Province under this paragraph shall survive payment of the Bonds, termination of this Agreement and resignation or removal of the Registrar.

Appears in 5 contracts

Samples: Fiscal Agency Agreement (Ontario Province Of), Fiscal Agency Agreement (Ontario Province Of), Fiscal Agency Agreement (Ontario Province Of)

Expenses and Indemnity. (a) In connection with the Registrar’s 's appointment and duties as Registrar, the Province will pay the Registrar compensation in an amount separately agreed upon by the Province and the Registrar. The Province will indemnify and hold harmless the Registrar and each Paying Agent against all claims, actions, demands, damages, costs, losses or liability which may be incurred by the Registrar or any Paying Agent by reason of, or in connection with, the Registrar’s 's or any Paying Agent’s 's appointment and duties as such, except as such result from any negligent act or omission, bad faith or willful misconduct of the Registrar or any Paying Agent or their respective directors, officers, employees or agents. In addition, the Province will (i) indemnify and hold harmless the DTC Custodian on the same basis as aforesaid in respect of its duties as custodian for DTC less any amounts received by the DTC Custodian from DTC in connection with any applicable indemnity provided by DTC to the DTC Custodian but only to the extent the DTC Custodian is not otherwise entitled to be indemnified or held harmless by DTC, and (ii) shall, pursuant to arrangements separately agreed upon by the Province and the Registrar, transfer to the Registrar, upon presentation of substantiating documentation satisfactory to the Province acting reasonably, amounts sufficient to reimburse the Registrar for certain out-of-pocket out‑of‑pocket expenses reasonably incurred by it and by any Paying Agent in connection with their services. The obligation of the Province under this paragraph shall survive payment of the Bonds, termination of this Agreement and resignation or removal of the Registrar.

Appears in 5 contracts

Samples: Fiscal Agency Agreement (Ontario Province Of), Fiscal Agency Agreement (Ontario Province Of), Fiscal Agency Agreement (Ontario Province Of)

Expenses and Indemnity. (a) In connection with the Registrar’s appointment and duties as Registrar, the Province will pay the Registrar compensation in an amount separately agreed upon by the Province and the Registrar. The Province will indemnify and hold harmless the Registrar Registrar, each Paying Agent and each Paying Additional Transfer Agent against all claims, actions, demands, damages, costs, losses or liability which may be incurred by the Registrar Registrar, any Paying Agent or any Paying Additional Transfer Agent by reason of, or in connection with, the Registrar’s, any Paying Agent’s or any Paying Additional Transfer Agent’s appointment and duties as such, except as such result from any negligent act or omission, bad faith or willful wilful misconduct of the Registrar Registrar, any Paying Agent or any Paying Additional Transfer Agent or their respective directors, officers, employees or agents. In addition, the Province will (i) indemnify and hold harmless the DTC Custodian on the same basis as aforesaid in respect of its duties as custodian for DTC less any amounts received by the DTC Custodian from DTC in connection with any applicable indemnity provided by DTC to the DTC Custodian but only to the extent the DTC Custodian is not otherwise entitled to be indemnified or held harmless by DTC, and (ii) shall, pursuant to arrangements separately agreed upon by the Province and the Registrar, transfer to the Registrar, upon presentation of substantiating documentation satisfactory to the Province acting reasonablyProvince, amounts sufficient to reimburse the Registrar for certain out-of-pocket expenses reasonably incurred by it and by any Paying Agent in connection with their services. The obligation of the Province under this paragraph shall survive payment of the Bonds, termination of this Agreement and resignation or removal of the Registrar.

Appears in 3 contracts

Samples: Fiscal Agency Agreement (Province of New Brunswick), Fiscal Agency Agreement (Province of New Brunswick), Fiscal Agency Agreement (Province of New Brunswick)

Expenses and Indemnity. (a) In connection with the Registrar’s 's appointment and duties as Registrar, the Province will pay the Registrar compensation in an amount separately agreed upon by the Province and the Registrar. The Province will indemnify and hold harmless the Registrar Registrar, each Paying Agent and each Paying Additional Transfer Agent against all claims, actions, demands, damages, costs, losses or liability which may be incurred by the Registrar Registrar, any Paying Agent or any Paying Additional Transfer Agent by reason of, or in connection with, the Registrar’s or 's, any Paying Agent’s 's or any Additional Transfer Agent's appointment and duties as such, except as such result from any negligent act or omission, bad faith or willful wilful misconduct of the Registrar Registrar, any Paying Agent or any Paying Additional Transfer Agent or their respective directors, officers, employees or agents. In addition, the Province will (i) indemnify and hold harmless the DTC Custodian on the same basis as aforesaid in respect of its duties as custodian for DTC less any amounts received by the DTC Custodian from DTC in connection with any applicable indemnity provided by DTC to the DTC Custodian but only to the extent the DTC Custodian is not otherwise entitled to be indemnified or held harmless by DTC, and (ii) shall, pursuant to arrangements separately agreed upon by the Province and the Registrar, transfer to the Registrar, upon presentation of substantiating documentation satisfactory to the Province acting reasonablyProvince, amounts sufficient to reimburse the Registrar for certain out-of-pocket expenses reasonably incurred by it and by any Paying Agent in connection with their services. The obligation of the Province under this paragraph shall survive payment of the Bonds, termination of this Agreement Bonds and resignation or removal of the Registrar.

Appears in 2 contracts

Samples: Fiscal Agency Agreement (Ontario Province Of), Fiscal Agency Agreement (Ontario Province Of)

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Expenses and Indemnity. (a) In connection with the Registrar’s 's appointment and duties as Registrar, the Province will pay the Registrar compensation and reasonable expenses in an amount separately agreed upon in writing by the Province and the Registrar. The Province will indemnify and hold harmless the Registrar (which shall include for purposes of this subsection 12, its directors, officers, employees, agents and counsel), each Paying Agent and each Paying Additional Transfer Agent against all claims, actions, demands, damages, costscosts (including the fees and reasonable expenses of one outside counsel), losses or liability which may be incurred by the Registrar Registrar, any Paying Agent or any Paying Additional Transfer Agent by reason of, or in connection with, the Registrar’s or 's, any Paying Agent’s 's or any Additional Transfer Agent's appointment and duties as such, except as such result from any negligent act or omission, bad faith or willful wilful misconduct of the Registrar Registrar, any Paying Agent or any Paying Additional Transfer Agent or their respective directors, officers, employees or agents. In addition, the Province will (i) indemnify and hold harmless the DTC Custodian on the same basis as aforesaid in respect of its duties as custodian for DTC less any amounts received by the DTC Custodian from DTC in connection with any applicable indemnity provided by DTC to the DTC Custodian but only to the extent the DTC Custodian is not otherwise entitled to be indemnified or held harmless by DTC, and (ii) shall, pursuant to arrangements separately agreed upon by the Province and the Registrar, transfer to the Registrar, upon presentation of substantiating documentation satisfactory to the Province acting reasonablyProvince, amounts sufficient to reimburse the Registrar for certain out-of-pocket expenses reasonably incurred by it and by any Paying Agent in connection with their services. The obligation of the Province under this paragraph shall survive payment of the Bonds, termination of this Agreement Bonds and resignation or removal of the Registrar.

Appears in 1 contract

Samples: Fiscal Agency Agreement (Province of New Brunswick)

Expenses and Indemnity. (a) In connection with the Registrar’s appointment and duties as Registrar, the Province will pay the Registrar compensation in an amount separately agreed upon by the Province and the Registrar. The Province will indemnify and hold harmless the Registrar and each Paying Agent against all claims, actions, demands, damages, costs, losses or liability which may be incurred by the Registrar or any Paying Agent by reason of, or in connection with, the Registrar’s or any Paying Agent’s appointment and duties as such, except as such result from any negligent act or omission, bad faith or willful misconduct of the Registrar or any Paying Agent or their respective directors, officers, employees or agents. In addition, the Province will (i) indemnify and hold harmless the DTC Custodian on the same basis as aforesaid in respect of its duties as custodian for DTC less any amounts received by the DTC Custodian from DTC in connection with any applicable indemnity provided by DTC to the DTC Custodian but only to the extent the DTC Custodian is not otherwise entitled to be indemnified or held harmless by DTC, and (ii) shall, pursuant to arrangements separately agreed upon by the Province and the Registrar, transfer to the Registrar, upon presentation of substantiating documentation satisfactory to the Province acting reasonably, amounts sufficient to reimburse the Registrar for certain out-of-pocket outofpocket expenses reasonably incurred by it and by any Paying Agent in connection with their services. The obligation of the Province under this paragraph shall survive payment of the Bonds, termination of this Agreement and resignation or removal of the Registrar.

Appears in 1 contract

Samples: Fiscal Agency Agreement (Ontario Province Of)

Expenses and Indemnity. (a) In connection with the Registrar’s appointment and duties as Registrar, the Province will pay the Registrar compensation in an amount separately agreed upon by the Province and the Registrar. The Province will indemnify and hold harmless the Registrar and each Paying Agent against all claims, actions, demands, damages, costs, losses or liability which may be incurred by the Registrar or any Paying Agent by reason of, or in connection with, the Registrar’s or any Paying Agent’s appointment and duties as such, except as such result from any negligent act or omission, bad faith or willful wilful misconduct of the Registrar or any Paying Agent or their respective directors, officers, employees or agents. In addition, the Province will (i) indemnify and hold harmless the DTC Custodian on the same basis as aforesaid in respect of its duties as custodian for DTC less any amounts received by the DTC Custodian from DTC in connection with any applicable indemnity provided by DTC to the DTC Custodian but only to the extent the DTC Custodian is not otherwise entitled to be indemnified or held harmless by DTC, and (ii) shall, pursuant to arrangements separately agreed upon by the Province and the Registrar, transfer to the Registrar, upon presentation of substantiating documentation satisfactory to the Province acting reasonably, amounts sufficient to reimburse the Registrar for certain out-of-pocket outofpocket expenses reasonably incurred by it and by any Paying Agent in connection with their services. The obligation of the Province under this paragraph shall survive payment of the Bonds, termination of this Agreement and resignation or removal of the Registrar.

Appears in 1 contract

Samples: Fiscal Agency Agreement (Ontario Province Of)

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