Common use of Held in Trust Clause in Contracts

Held in Trust. To the extent that the indemnity contained in subsection 11(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation hereby constitutes the Agents as trustees for such Person for such indemnity and the covenants given by Corporation to such Person in this Agreement. The Agents hereby accept such trust and hold such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement (Aurizon Mines LTD)

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Held in Trust. To the extent that the indemnity contained in subsection 11(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation hereby constitutes the Agents as trustees trustee for such Person for such indemnity and the covenants given by Corporation to such Person in this Agreement. The Agents hereby accept such trust and hold such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement

Held in Trust. To the extent that the indemnity contained in subsection 11(a12(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation hereby constitutes the Agents Agent as trustees trustee for such Person for such indemnity and the covenants given by Corporation to such Person in this Agreement. The Agents Agent hereby accept accepts such trust and agrees to hold such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents Agent in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement (Digifonica International Corp)

Held in Trust. To the extent that the indemnity contained in subsection 11(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation hereby constitutes the Agents Lead Agent as trustees for such Person for such indemnity and the covenants given by Corporation to such Person in this Agreement. The Agents Lead Agent hereby accept such trust and hold such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents Lead Agent in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement (Xtra-Gold Resources Corp)

Held in Trust. To the extent that the indemnity contained in subsection 11(a10(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation hereby constitutes the Agents Agent as trustees for such Person for such indemnity and the covenants given by Corporation to such Person in this Agreement. The Agents Agent hereby accept such trust and shall hold such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents Agent in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement

Held in Trust. To the extent that the indemnity contained in subsection 11(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation hereby constitutes the Agents Agent as trustees trustee for such Person for such indemnity and the covenants given by Corporation to such Person in this Agreement. The Agents Agent hereby accept accepts such trust and agrees to hold such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents Agent in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement (Sutcliffe Resources Ltd.)

Held in Trust. To the extent that the indemnity contained in subsection 11(a12(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation Indemnifier hereby constitutes the Agents Agent as trustees trustee for such Person for such indemnity and the covenants given by Corporation the Indemnifier to such Person in this Agreement. The Agents Agent hereby accept accepts such trust and hold holds such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents Agent in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement (Amg Oil LTD)

Held in Trust. To the extent that the indemnity contained in subsection 11(a12(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation hereby constitutes the Agents as trustees trustee for such Person for such indemnity and the covenants given by Corporation to such Person in this Agreement. The Agents hereby accept accepts such trust and will hold such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement (Detour Gold Corp)

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Held in Trust. To the extent that the indemnity contained in subsection 11(a10(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation hereby constitutes the Agents as trustees for such Person for such indemnity and the covenants given by Corporation to such Person in this Agreement. The Agents hereby accept such trust and shall hold such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement (Body & Mind Inc.)

Held in Trust. To the extent that the indemnity contained in subsection 11(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation hereby constitutes the Agents Agent as trustees for such Person for such indemnity and the covenants given by Corporation to such Person in this Agreement. The Agents Agent hereby accept accepts such trust and hold such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents Agent in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement (Crosshair Exploration & Mining Corp)

Held in Trust. To the extent that the indemnity contained in subsection 11(a) hereof is given in favour of a Person who is not a party to this Agreement, the Corporation hereby constitutes the Agents Agent as trustees trustee for such Person for such indemnity and the covenants given by Corporation to such Person in this Agreement. The Agents Agent hereby accept accepts such trust and hold such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents Agent in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement (Mill City Gold Corp.)

Held in Trust. To the extent that the indemnity contained in subsection 11(a) Section 11.1 hereof is given in favour of a Person who is not a party to this Agreement, the Corporation Company hereby constitutes the Agents Agent as trustees trustee for such Person for such indemnity and the covenants given by Corporation to such Person Company in this Agreement. The Agents hereby Agent agrees to accept such trust and hold it and such indemnity and covenants for the benefit of such Persons. The benefit of such indemnity and covenants shall be held by the Agents Agent in trust for the Persons in favour of whom such indemnities and covenants are given and may be enforced directly by such Persons.

Appears in 1 contract

Samples: Agency Agreement (Adira Energy Ltd.)

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